Floki ($FLOKI) is on the verge of a major blowout, with the weekly chart indicating a potential explosive move. The token is testing a major resistance level for the fourth time, a pattern often associated with strong bullish momentum. Recent developments, including Coinbase adding $FLOKI to its listing roadmap, have added to investor optimism. Coinbase listing boosts FLOKI momentum

FLOKI price surged 21% after the announcement that it was added to Coinbase’s listing roadmap. The milestone pushed the token to $0.00027, its highest level in five months, boosting confidence among crypto investors. Coinbase, a leading US exchange, has previously listed other meme coins such as PEPE and WIFI, indicating increased institutional interest in the meme coin market.

Technical Analysis and Price Targets

Analysts expect FLOKI to be on its way to a major upside, with targets set at $0.000775, $0.001270, and $0.002810. Historically, a fourth test of a resistance level often leads to a decisive breakout, adding to the bullish sentiment around FLOKI.

Market Performance and Bullish Outlook

Market Cap: FLOKI's market cap has risen to over $2.55 billion, reflecting a weekly gain of 91.43%.

Current Price: The token is trading at $0.0002675, supported by the increasing trend towards meme coins.

With the overall market conditions favoring meme coins, FLOKI looks well-positioned for a price rally. If Bitcoin continues to support its level above $80,000 or BTC’s dominance declines, FLOKI could aim for new highs.

Analysts' Insights

Cryptocurrency analyst CryptoBullet has identified three potential price targets for FLOKI, indicating an upward trajectory as the token gains momentum. A combination of technical signals, market sentiment, and institutional support suggests that FLOKI is poised to capitalize on the ongoing meme coin trend.

Conclusion

FLOKI’s current momentum and favorable market conditions suggest that there is potential for significant gains. Investors should keep a close eye on resistance levels and overall market trends as the token approaches a critical breakout point.