Elon Musk Reignites Floki Frenzy, Can FLOKI Hold Gains as Crypto Market Falls 3%?

Making a 6% weekly uptick, FLOKI recently ripped higher after Elon Musk posted an AI-generated video of his Shiba Inu “Floki” sitting at a CEO desk, reigniting meme-coin risk appetite even as the broader crypto market slipped 3%. Within hours, FLOKI’s price jumped nearly 30% and 24-hour volume exploded 780–817% to roughly $656–$662 million, lifting the token to an intraday high near $0.000088, its best level in almost two ￰0￱ Reading: All It Took Was A Tweet: FLOKI Jumps 27% After Musk Mentions It Mentions across X, Reddit, and Telegram climbed 65%, while crypto’s Fear & Greed Index nudged from Fear (37) to Neutral (52), signaling fresh retail ￰1￱ (DOGE) and Shiba Inu (SHIB) logged modest gains, but FLOKI led meme coins by a wide ￰2￱ Case vs.

Bull-Trap Warnings Technicians say FLOKI is retesting a pivotal demand band around $0.00008. A daily close and hold above $0.000075 keeps the breakout thesis alive toward $0.00009, with $0.00010 on the table if momentum and volumes ￰3￱ Interest surged 162% to about $37.5 million, and long-side liquidations wiped out $275K in shorts during the ￰4￱ Binance, negative funding suggests crowded shorts paying to stay positioned, fuel for further upside if price grinds higher. Still, some analysts flag bull-trap ￰5￱ RSI tipped into overbought (>70) during the spike, a zone that historically invites cooling moves; a quick reset back into the 50–70 band would be a healthier ￰6￱ “heatmaps” show dense clusters both above and below spot, implying two-way volatility as the price hunts orders before choosing ￰7￱ FLOKI fails to reclaim/hold $0.00009, technicians eye pullbacks toward $0.000072, with a deeper bear case pointing to $0.00004 if risk aversion returns.

FLOKI's price records some losses after a small push upwards on the daily chart.