With the current crypto market crash led by Bitcoin, FLOKI's price has significantly dropped. While many cryptocurrencies have seen declines between 5-20%, FLOKI has lost more than half of its all-time high value, nearing its April levels. However, a crypto expert predicts a potential rebound for the meme coin.

The FLOKI Price Is At A Critical Juncture

Crypto analyst Cryptorphic believes that FLOKI maintaining its support level at $0.000155 is a positive sign. This support level could serve as a bounce point for a price rally.

The analyst also notes FLOKI's strong performance in 2024, with two major bullish trends in March and May, each reaching new all-time highs. In March, FLOKI's price rose 162.82%, reaching $0.0001851. In May, it increased by 154.55%, hitting $0.00019760. These trends suggest the possibility of another significant rise.

How High Can The Price Go?

Cryptorphic points to the current bullish sentiment in the market, predicting another potential price surge. The first target is a 117.71% increase, potentially pushing the price to $0.00032, close to its June 5 all-time high of $0.0003462.

However, if the price falls and closes below the $0.000155 support line, the bullish prediction could be invalidated, turning the outlook bearish. Currently, FLOKI is holding at $0.00016 after a 44% drop in a month. Its daily trading volume has increased by 15%, indicating renewed interest in the coin.