**FLOKI : Bullish Reversal Signals Upward Potential**
FLOKI has recently displayed a textbook head and shoulders pattern, which is often viewed as a strong reversal indicator.
This pattern formed a left shoulder, head, and right shoulder, signalling a shift from a downtrend to an uptrend.
After breaking out of the yellow support zone, which served as the neckline, the price action confirms a bullish breakout.
Immediate targets for FLOKI are set at **0.00014400 USDT**, with the potential to extend further to **0.00016600 USDT** if momentum continues.
The chart also highlights a solid volume increase, which typically accompanies bullish movements and suggests growing investor interest.
Despite market volatility, the strong support at the neckline provides FLOKI the foundation to move higher, with key support levels holding firm.
Conclusion**
FLOKI's bullish breakout from the head and shoulders pattern offers short-term traders a potential upside opportunity. If the momentum holds, we could see FLOKI testing higher resistance levels, offering favourable risk-reward for investors. Keep an eye on key support and resistance zones for potential price action developments.
