FLOKI Forms Falling Wedge, Breakout Hints at 258% Surge
- X user @army_shiba posted a bullish FLOKI chart, citing a falling wedge breakout.
- The pattern projects a target of $0.00029062 (+259%); @army_shiba targets $0.0004.
- FLOKI’s 4-hour RSI closed at 53.26, above its signal line, indicating fresh momentum.
On June 3, 2025, X user @army_shiba posted a bullish technical chart for FLOKI/USDT, calling for a major breakout. He described FLOKI as part of a “dog trilogy” alongside Dogecoin (DOGE) and Shiba Inu (SHIB), and stated a personal price target of $0.0004 or higher.
Falling Wedge Breakout Confirms Bullish Setup for FLOKI
The chart shows FLOKI forming a falling wedge pattern. This technical structure appears when an asset’s price moves inside two downward-sloping, converging trendlines. It often signals a potential bullish reversal if price breaks above the upper trendline, which FLOKI appears to be doing.
As of publishing, FLOKI trades at $0.00008904. The breakout from the wedge seems active, with price moving near or above the wedge’s resistance line. Based on the measured height of this falling wedge, the projected target sits at $0.00029062, representing a p…
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FLOKI Forms Falling Wedge, Breakout Hints at 258% Surge
- X user @army_shiba posted a bullish FLOKI chart, citing a falling wedge breakout.
- The pattern projects a target of $0.00029062 (+259%); @army_shiba targets $0.0004.
- FLOKI’s 4-hour RSI closed at 53.26, above its signal line, indicating fresh momentum.
On June 3, 2025, X user @army_shiba posted a bullish technical chart for FLOKI/USDT, calling for a major breakout. He described FLOKI as part of a “dog trilogy” alongside Dogecoin (DOGE) and Shiba Inu (SHIB), and stated a personal price target of $0.0004 or higher.
Falling Wedge Breakout Confirms Bullish Setup for FLOKI
The chart shows FLOKI forming a falling wedge pattern. This technical structure appears when an asset’s price moves inside two downward-sloping, converging trendlines. It often signals a potential bullish reversal if price breaks above the upper trendline, which FLOKI appears to be doing.
As of publishing, FLOKI trades at $0.00008904. The breakout from the wedge seems active, with price moving near or above the wedge’s resistance line. Based on the measured height of this falling wedge, the projected target sits at $0.00029062, representing a p…
The post FLOKI Forms Falling Wedge, Breakout Hints at 258% Surge appeared first on Coin Edition.
Читать больше
Bitcoin Analysis: Corporate Treasuries Swell as On-Chain Activity Points Upward