The meme coin FLOKI has recently benefited from the inflow of funds into the cryptocurrency market, which has resulted in price increases for many cryptocurrencies, including FLOKI, over the 24-hour and 7-day timeframes. Notably, this influx of funds has helped FLOKI break through the descending trend line that has suppressed its price increase since June. This technical breakthrough is viewed as a strong bullish signal, and according to cryptocurrency analyst World Of Charts, it may indicate that FLOKI will continue to set new historical highs.

Although FLOKI has gained attention since its launch in 2021 and skyrocketed by 1,100% in five months earlier this year, reaching a historical high of $0.0003449, the current price has retraced about 55% from that historical peak. However, the analysis shared by analyst World Of Charts on his social network shows that the daily candlestick chart of the FLOKI/TetherUS trading pair reveals that FLOKI has just broken through the bullish flag resistance line established since its historical high, which may suggest that FLOKI is about to achieve over 200% growth and surpass its historical peak.

Additionally, the price increase of FLOKI is also supported by other analysts. For instance, Crypto Tony, who has over 339k followers on his platform, believes that FLOKI is expected to rebound in price over the coming months and points out key support levels on the FLOKI weekly chart, indicating a potential breakout. He also encourages meme coin enthusiasts to consider accumulating more FLOKI assets for substantial returns in the near future.

In summary, FLOKI's price increase is supported by both market fund inflow and technical analysis, with analysts generally anticipating that FLOKI will continue to rise, potentially even setting new historical highs. However, it is important to note that the cryptocurrency market is highly volatile, and any investment should be approached with caution, taking into account individual risk tolerance.