🔥 FLOKI Tanks 21% to $0.0001224—But Is a Massive Rebound on the Horizon? 🔥

The beloved dog-themed memecoin FLOKI has taken a heavy hit, plummeting over 21% in a single day! Now trading at **$0.0001224**, FLOKI is the biggest loser in this market downturn, with its market cap sliding to **$1.172 billion**. This drop has allowed **Bonk Inu (BONK)** to overtake FLOKI, claiming the fifth spot among meme coins with a **$1.209 billion** valuation.

### 🛑 **The Sell-Off That Shook FLOKI** 🛑

What triggered this steep decline? **Spot On Chain** data reveals intense market activity behind FLOKI’s fall. A mysterious wallet, dormant since early 2022, suddenly offloaded **15 billion FLOKI tokens**—worth a staggering **$2.3 million**—onto Binance just hours before the crash. This massive sell-off unleashed a flood of tokens into the market, overwhelming demand and sending prices spiraling downwards.

### 🚨 **The Crucial $0.0001096 Support Level Approaches** 🚨

FLOKI is now dangerously close to retesting the **$0.0001096** support level, a critical juncture that could dictate its short-term future. Having recently breached the **$0.0001441** resistance, FLOKI’s sell-off has been relentless. The **Relative Strength Index (RSI)** is diving, signaling further potential declines ahead.

### 💥 **A Rebound to $0.00021?** 💥

But all hope is not lost! Crypto analyst **CryptoJelleNL** sees a potential silver lining. If FLOKI can bounce back from this support level, we could witness a powerful rally, potentially surging past **$0.00021**—a level last seen in July. This could mark a major comeback for the memecoin, restoring critical support and setting the stage for a bullish breakout.

**FLOKI**’s journey is far from over. Will it collapse further, or is a dramatic reversal in the cards? The next few days could be decisive, so keep your eyes peeled and your strategy sharp—FLOKI’s fate hangs in the balance! 🌕🚀

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