FLOKI Soars 40% After Europe Debuts Its First ETP
- FLOKI gains 40% as Europe debuts its first regulated ETP, fueling renewed investor momentum.
- FLOKI’s market cap hits $1B with trading volume surging to $463M, signaling strong demand.
- Analysts foresee FLOKI’s bullish run extending up to 116% from current trading price levels.
Floki Inu (FLOKI) has surged nearly 40% in the past week with the daily chart also showing a 35% gain. The surge comes as the first FLOKI Exchange Traded Product (ETP) went live in Europe yesterday.
The product, named Valour Floki (FLOKI) SEK, was launched by Valour and is listed on the Spotlight Stock Market. With this development, Floki has become the first and only BNB Chain project to secure an ETP listing besides Binance’s native BNB token.
This achievement carries significance as it arrives during what analysts call “BNB season,” a period of strong ecosystem activity. The regulated listing gives both institutional and retail investors a secure path to gain exposure to FLOKI, a token categorized as a meme coin but steadily gaining traction in mainstream finance.
Market data highlights the immediate impact. FLOKI’s market capitalization climbed to $1 billion, while 24-hour trading volume reached $463 million, marking a 369% gain, a signal of strong investor demand. Despite the bullish momentum, a critical question lingers: Can FLOKI sustain its rally?
FLOKI Holds Key Trendline as Bulls Target Higher Gains
FLOKI is showing renewed strength as it continues to hold a bullish trendline that has been intact since 2022. The token’s recent rebound, fueled by the launch of its first European ETP, has positioned it to challenge the key resistance zone between $0.00013 and $0.00015.
A decisive breakout above this level could unlock significant upside potential, with targets set around the 50% Fibonacci retracement at $0.00019 and the 78.6% Fib level near $0.00028. Reaching these zones would represent gains of 77% to 155% from current prices, levels last seen during late 2024.
Momentum indicators are beginning to align with this bullish outlook. The Relative Strength Index (RSI) currently sits at 52.51, signaling neutrality but with room to expand upward. The rising RSI line hints that buying pressure is building, and a move above the 60 mark could confirm stronger bullish momentum, opening the door for further gains.
Analyst Captain Faibik has also echoed optimism for FLOKI’s trajectory. In a recent post on X, he observed that the token has “once again started pumping hard” and projected “another massive bullish wave incoming.”
His chart analysis highlighted a breakout from a descending channel, marked by a strong green candle that confirmed renewed upward momentum. Projections from this setup suggest FLOKI could climb as high as $0.0002,1an estimated 116% rally from the breakout point.
Historical patterns reinforce this view. FLOKI has previously staged sharp rallies after breaking free from descending structures, and this latest move appears to mirror those past setups. With technicals, market sentiment, and institutional adoption all converging, the stage may be set for FLOKI to extend its bullish advance in the weeks ahead.
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Derivatives Activity Signals Renewed Market Energy
According to CoinGlass data, FLOKI has seen a rise in derivatives activity, with trading volume soaring from a weekly low of $32.25 million to a peak of $155.10 million. This marks a surge of more than 380% in just seven days, signaling a sharp rise in speculative interest surrounding the token.
The surge in derivatives activity mirrors a climb in open interest, which has reached $42.92 million at press time. This suggests traders are choosing to hold onto their positions rather than closing them out, a strong indication of growing confidence in FLOKI’s upward trajectory.
In summary, FLOKI’s rally underscores a surge in confidence, powered by solid technicals, stronger adoption, and heightened market activity. The token has held firm along its bullish trendline since 2022, while soaring derivatives volume and open interest reflect deepening investor conviction. Although volatility is inevitable, the growing blend of institutional exposure, technical resilience, and increasing demand suggests FLOKI may be preparing for another leg higher,keeping its bullish outlook firmly intact in the near term.
