FLOKI's price rose by 8.24% to $0.00009013, increasing its market cap to $867.44 million amid renewed bullishness.
Analysts predict rally targets for FLOKI between $0.0003 and $0.0006, supported by a descending wedge indicating a bullish reversal with potential price targets at $0.0004 or even $0.00034.
FLOKI is experiencing a significant surge, with technical and fundamental indicators aligning on the bullish side, alongside a decrease in exchange reserves to a 10-month low, suggesting a potential upward movement in price.
The descending wedge pattern on the weekly chart further supports the bullish sentiment, with potential price targets of $0.0004 based on SHIB Knight's analysis.