After the Flush, FLOKI’s Chart Teases a Sharp Rebound

Floki (FLOKI)’s chart just flashed a setup that traders have been waiting months to see. After a steady multi-month decline, the meme coin dipped beneath its previous range lows in a move that often marks capitulation rather than continuation, and is now showing early signs of forming a bottom.

On the higher timeframes, Floki has returned to the same demand zone that sparked its last major rally, and the latest sweep of support has cleared out the liquidity that typically builds beneath long-term lows. 

The price has since stabilized inside that zone, creating the type of structure analysts look for when a market is preparing to reverse rather than break down further.

Shift in Structure Starts to Emerge

Lower-timeframe action strengthens the case. FLOKI is now carving out a head-and-shoulders-like reversal pattern, the kind that suggests sellers may finally be losing momentum, according to the analysis shared by popular cryptocurrency trading expert CryptoJelleNL on December 9.

The pattern isn’t confirmed yet, but the shift in structure is notable after weeks of heavy pressure.

The key catalyst now sits outside Floki itself. The analyst notes that a recovery is most likely to accelerate once Bitcoin (BTC) clears $93,000, a level that has repeatedly dictated risk appetite across the broader market. If BTC can reclaim that line, FLOKI may be positioned to recover some of the ground it lost during the latest flush.

Currently, FLOKI is changing hands at $0.00005043, indicating an increase of 6.02% in the last 24 hours and gaining 13.89% across the previous seven days, as it moves to reverse the loss of 18.76% from its monthly chart, according to the most recent price data.

For now, the chart shows a meme coin that has taken out its lows, absorbed the liquidity beneath them, and started to base. Whether that becomes a full trend reversal will depend largely on what Bitcoin does next, but for the first time in weeks, Floki finally looks like it has room to breathe.

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