FLOKI Surges on Chart Breakout, Eyes Extended 45% Rally

FLOKI has broken out of a critical chart pattern, registering a 19.98% increase in the past 24 hours and pushing its weekly gain to 28%. Robust technical indicators, including the Parabolic SAR and rising ADX levels, confirm the asset’s bullish momentum. Technical analysis suggests that if FLOKI overcomes the horizontal resistance at $0.000059, it could pave the way for a further rally of up to 45%, potentially reaching its December 2024 high of $0.000284. The liquidity heatmap from Coinglass also indicates strong upward interest with numerous unfilled orders between $0.00007 and $0.00007694, further supporting the likelihood of an extended rally. Overall, the breakout and current market dynamics signal a bullish outlook for FLOKI, assuming market momentum remains strong.