Floki Inu, a popular meme coin, has taken a drastic turn after reaching an all-time high of $0.0003462 on June 5. The price has since dropped by 51%, leaving investors worried. At the time of writing, the FLOKI price stands at $0.0001691, its lowest point this month.

The price analysis reveals a bleak picture, with an 11% drop in the last 24 hours and a significant decline in market capitalization. However, a 41% surge in trading volume hints at a possible recovery. Technical indicators, such as the Relative Strength Index (RSI) and Stochastic, suggest bearish signals, while the MACD remains neutral. Moving averages across all time intervals indicate a bearish trend, except for the 200-day scale.

Crypto analyst iMoneyTeam predicts a significant dump in FLOKI's price, potentially wiping out all gains made in the previous month. However, he also suggests a possible recovery before the decline, pushing the price up to $0.00044. Other analysts, like DMT, predict a rebound once the price reaches its bottom.

While some analysts see a potential rebound, the technical indicators and moving averages currently favor the bears. A minor recovery may be possible, but a significant rally seems uncertain. Once the bulls take over, an uptrend might follow, as predicted by the analysts.

In conclusion, Floki Inu's price has taken a drastic turn, leaving investors concerned. While some analysts predict a rebound, others foresee a significant decline. Only time will tell if FLOKI can recover from its current slump and regain its momentum.