FLOKI's Long-Term Trendline Break Signals Structural Weakness as Price Tests Critical Support

The token FLOKI is facing a significant structural breakdown as its price has broken below a multi-year ascending trendline that has held since early 2022, according to chart analysis shared by Cryptollica. This trendline, which connected higher lows over three years, previously triggered strong rebounds but has now been decisively breached, indicating a loss of long-term momentum.

Currently trading near $0.000045, FLOKI has been in a multi-week decline with persistent lower highs and thinning volume. The RSI has dropped to 29, placing the asset in oversold territory and hinting at possible short-term relief, but momentum remains weak without a reclaim of key resistance levels around $0.000050–$0.000053. Failure to break above these levels could expose deeper support zones at $0.000040–$0.000030, where past accumulation occurred.

Intraday data shows repeated rejections around $0.0000465, confirming seller dominance and lack of buyer strength. The all-time high of $0.000349 remains far above, emphasizing the wide gap from current pricing. Traders are closely monitoring whether oversold conditions will catalyze a reversal or lead to further declines, with the broken trendline now acting as a critical resistance level.