The meme cryptocurrency Floki (FLOKI) experienced a notable rally in its price. The surge exceeded 30% in the last 24 hours, capturing the market’s attention. This movement was directly driven by a post from Elon Musk on the X platform. Musk joked, saying his dog, Floki, “is back” as the CEO of X. Immediately, the Floki price prediction returned to the center of speculative debate.
The tech magnate’s tweet reignited speculative interest in the digital asset. FLOKI quickly positioned itself leading the gains among the top 100 cryptocurrencies. This rally is significant for the token’s holders. The asset was coming off an accumulated drop of 43% over the last three months. The sudden rise demonstrates Musk’s continued and powerful influence. The entrepreneur has previously moved markets with mentions of Dogecoin and other similar tokens.
The relevance of this event goes beyond the media boost. The surge coincides with a key regulatory milestone for Floki on the European continent. The launch of the Valour Floki (FLOKI) SEK product was recently announced. This approval in Sweden opens the door to demand from the traditional economÃa (TradFi). European investors now have regulated exposure to the digital asset. This could add more stable and less speculative demand.
Is Floki truly prepared for a 10x move?
From a technical perspective, analysts are observing bullish signals. The FLOKI price showed a strong double-bottom reversal on the daily chart. This technical formation occurred near a key demand zone, located at $0.000064. This zone functions as the lower boundary of an ascending channel that has held for 15 months. This support has been a starting point for previous rallies. Furthermore, momentum indicators reinforce this view. The RSI has crossed the neutral 50 line. Meanwhile, the MACD is showing signs of a golden cross.
The next key hurdle for Floki is the $0.000115 resistance. This level has historically been decisive for the price. If FLOKI manages to consolidate above this mark, analysts suggest a path toward its all-time highs of $0.00035. The most optimistic forecasts, based on this breakout pattern, even point to a target of $0.00095. This would represent a 10x increase from current prices. Investors are watching to see if the social momentum can be sustained.
