FLOKI price trades near $0.00005457, down about 2.4% over the past 24 hours, with market capitalization slipping to roughly $520 million. Trading volume also fell to approximately $79 million, indicating reduced participation after the last few days’ rally.
FLOKI meme coin’s pullback follows a near 38% weekly rise that pushed momentum into overbought territory. The price is now moving sideways under resistance as traders lock in gains and meme-coin sentiment cools.
Meme Coin Leaders Cool After Whale-Driven Rally
FLOKI’s recent price moves were shaped first by a sharp meme-coin rally and then by a clear cooldown. It recorded the largest rise in big transactions among major tokens, with transfers above $100,000 jumping more than 950% on Ethereum and 550% on BNB Chain, according to Santiment.
That shift pointed to a clear pickup in speculative activity earlier in the week, aligning with its 37.87% weekly gain that lifted sentiment and drew in short-term momentum traders.
However, momentum in meme coins has now slowed. Other big tokens like PEPE and SHIB have also pulled back, showing that the whole sector is losing steam. FLOKI’s price is closely linked to changes in risk appetite among speculative traders, so when excitement drops, these tokens often see quick profit-taking.
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Data also indicates that the trading volume of FLOKI crypto has declined by approximately 20%. This suggests that the recent price drop is due to reduced demand rather than a sudden sell-off. Typically, when trading volume decreases after a price rally, it reflects a lack of buying power, allowing sellers to lower prices in the short term.
FLOKI Price Stalls Below Resistance While Momentum Indicators Fade
The FLOKI price is losing momentum after its recent surge. The 7-day RSI climbed to 71.48, pushing into overbought territory above 70. That shift encouraged short-term traders to lock in gains. Falling volume supports the view that buying pressure is fading rather than strengthening.
Analyst Ali Charts highlighted a TD Sequential sell signal on January 5, historically associated with near-term corrections. The signal aligned with FLOKI coin rejection near resistance around $0.000057, adding technical pressure as algorithmic and discretionary traders reacted to the setup.
Analyst Quantum Ascend applies Elliott Wave and Fibonacci confluence to argue that the broader trend remains constructive despite the current dip. He outlines upside targets above current levels while acknowledging that price recently completed a corrective structure within the current trading zones, implying a potential medium-term recovery if support holds.
In the short term, resistance is near $0.000057, where FLOKI has already been rejected, and support is around $0.000053. If the price falls below support, it could signal a bigger drop. Staying above support would mean the price is consolidating.
Right now, indicators are cautious but not fully bearish: momentum has cooled, signals warn of a correction, but the overall trend is still uncertain.
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