FLOKI has been making impressive strides towards its objectives, achieving a remarkable profit of more than 30%, according to analysis by crypto expert World Of Charts. The analysis reveals that Floki has been following a symmetrical triangle pattern formed by converging trend lines, typically indicating a consolidation phase. However, the price has broken out on the upper side of the pattern.

Initially, FLOKI experienced a surge, reaching its peak in early March, followed by a period of consolidation within the symmetrical triangle pattern, reflecting market indecision. Recently, there has been a bullish breakout as the price surpassed the upper trend line of the triangle, with a significant increase in trading volume confirming the strength of this move.

The primary support level is identified around $0.0001900, situated at the lower trend line of the symmetrical triangle, which has proved to be a sturdy base for the price after multiple tests. Another crucial support zone lies near $0.0001500, coinciding with previous price lows before the triangle formation, reinforcing the lower boundary of the pattern.

At the recent breakout point, around $0.0002500, a primary resistance level has been established, which the price has successfully breached, suggesting a potential continuation of the bullish trend. The subsequent significant resistance level is anticipated around $0.0003500, indicating a potential 150% increase from the breakout point.

However, today, the Floki DAO is set to burn 15,246,000,000 FLOKI tokens, a decision overwhelmingly supported by 99.84% of DAO members. This substantial token burn is expected to significantly impact the token’s price dynamics.

As of the latest update, FLOKI is being traded at $0.0002201, registering a 0.57% decline over the past 24 hours. Despite recent market fluctuations, FLOKI has demonstrated a bullish outlook over the past month, surging by more than 25%. The market cap currently stands at $2 billion, with trading volume witnessing a substantial 70% increase at $819 million.