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<ul> 
 <li><strong>Crypto analyst Cryptorphic sees potential for another FLOKI price rally.</strong></li> 
 <li><strong>FLOKI maintains critical $0.000155 support level, indicating possible bullish trend.</strong></li> 
</ul>  
<p>The recent crypto market collapse, which Bitcoin is driving, has had a significant negative impact on the FLOKI price.</p> 
<p>While several cryptocurrencies have witnessed drops of 5–20%, <a href="https://www.crypto-news-flash.com/floki-unveils-new-developments-and-strategic-marketing-initiatives/">FLOKI</a> has fallen by more than half of its peak, returning to April levels. This decline, though, might not last long because a cryptocurrency expert believes the meme coin’s value may recover.</p> 
<h2 id="strong-floki-critical-support-level-strong"><strong>FLOKI Critical Support Level&nbsp;</strong></h2> 
<p>One encouraging indication is that FLOKI has held onto its $0.000155 support level, <a href="https://www.tradingview.com/chart/FLOKIUSDT/BgUL462f-FLOKI-USDT-Technical-Analysis-Potential-for-a-100-Rally/">claims</a> cryptocurrency analyst Cryptorphic. Because this support level has held steady in the face of the price decline, a price rally may be able to bounce off of it.</p> 
<figure id="attachment_740835" aria-describedby="caption-attachment-740835" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-740835 size-full" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/06/FLOKI-inu-1.png" alt="" width="1390" height="595" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/06/FLOKI-inu-1.png 1390w, https://www.crypto-news-flash.com/wp-content/uploads/2024/06/FLOKI-inu-1-300x128.png 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/06/FLOKI-inu-1-1200x514.png 1200w, https://www.crypto-news-flash.com/wp-content/uploads/2024/06/FLOKI-inu-1-768x329.png 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/06/FLOKI-inu-1-150x64.png 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/06/FLOKI-inu-1-450x193.png 450w" sizes="(max-width: 1390px) 100vw, 1390px">
 <figcaption id="caption-attachment-740835" class="wp-caption-text">
  Source: Trading View
 </figcaption>
</figure> 
<p>Noting that <a href="https://www.crypto-news-flash.com/analyst-highlights-undervalued-altcoin-myth-predicts-rally-for-floki/">the token</a> has had a bullish year with two significant price gains in March and May that both led to new all-time highs, Cryptorphic examines the meme coin’s performance since the start of 2024.</p> 
<p>After shattering a consolidation pattern, the FLOKI price increased 162.82% over the first bullish leg in March and finally hit $0.0001851. Though it was a new high for the coin, this was not the end.</p> 
<p>FLOKI saw yet another notable rise in May, increasing 154.55% from its March highs to reach $0.00019760, therefore confirming yet another upward run. These moves point to a third leg-up, which would push the price to previously unheard-of levels.</p> 
<p>Cryptorphic claims that the market’s continuous positive mood is proof that a rally is about to happen. The expert thinks <a href="https://www.crypto-news-flash.com/floki-faces-bearish-pressure-after-80-surge-is-the-memecoins-bull-run-nearing-an-end/">FLOKI</a> may be getting ready for another big price rise, maybe doubling from where it is now.</p> 
<p>The first goal is a 117.71% rise, which may push the price to $0.00032, which is near to its all-time high of $0.0003462 from June 5.</p> 
<h3 id="strong-potential-risks-and-market-data-strong"><strong>Potential Risks and Market Data</strong></h3> 
<p>Risks exist, though, as with any analysis. If a breakdown and subsequent close below the $0.000155 support line invalidate the anticipated rise, FLOKI’s prospects could worsen. The current price of FLOKI is about <strong>$0.0001679</strong>, down <span style="color: #ff0000;"><strong>2.02%</strong> </span>in the last 24 hours and <strong><span style="color: #ff0000;">2.09%</span></strong> over the previous seven days, according to CoinMarketCap.</p> 
<div class="cryptoboxes" id="mcw-709526" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="floki-inu" data-symbol="FLOKI" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Earlier, CNF reported on a <a href="https://www.crypto-news-flash.com/smart-money-trader-stakes-14-billion-floki-inu-tokens-signals-strong-bullish-sentiment/">trader</a> with the address of 0x403 who had staked 14 billion FLOKI tokens, or $2.36 million. This large investment shows that, in spite of the present negative tendencies, the coin has promise for the future.</p>

Can FLOKI Bounce Back? Analyst Predicts New Highs

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