FLOKI Recovers From 0.618 Fibonacci Level as Analysts Watch $0.00022 Extension Target

FLOKI rebounds from 0.618 Fibonacci level, targeting $0.00022 based on the 1.618 extension pattern.

Price holds above $0.00013 with higher lows and trendline support intact since mid-June.

Trading volume drops 33.47% but structure remains bullish as market cap stands at $1.24B.

FLOKI has completed its correction at the 0.618 Fibonacci retracement level and is showing signs of recovery. The price currently trades above $0.00013, and technical structure indicates the potential for a move toward the 1.618 Fibonacci extension. The next target, based on this pattern, is $0.00022.

Technical Recovery from Key Retracement Level

FLOKI's recent correction found support at the 0.618 Fibonacci level, according to analysis prepared by CW8900. This level is widely tracked by traders during pullbacks and often signals a continuation of trend after stabilization. FLOKI touched a low around $0.0001291 before recovering.

The asset is now trading around $0.0001303, holding above the retracement support zone. This suggests the correction has ended, and a new upward phase may begin. The Fibonacci 1.618 extension points to a projected target of $0.00022 if bullish momentum continues.

The price action remains above ascending trendline support, which began forming in mid-June. Higher lows on the chart continue to support the current structure. Trading volume has declined during the consolidation phase, but overall structure shows strength.

Market Metrics and Price Structure

CoinMarketCap ranks FLOKI as the 73rd largest cryptocurrency, with a market capitalization of $1.24 billion. Circulating supply stands at 9.54 trillion FLOKI, while total supply is 9.65 trillion. The fully diluted valuation is approximately $1.25 billion.

Source: CryptoPeer(X)

FLOKI’s 24-hour trading volume dropped by 33.47% to $142.9 million. The volume-to-market cap ratio remains at 11.64%, suggesting ongoing participation. According to an observation by Crypto Peer, FLOKI “still has at least 10x potential left in this cycle.”

The price chart reflects increased buying activity in early trading hours of July 26, helping price reclaim the $0.000132 level before stabilizing. Current momentum and support levels indicate a move toward the $0.00022 Fibonacci extension remains in view.

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