Floki Price Rally: Elon Musk’s X Post Sparks 20% Surge
Within hours of Elon Musk’s post on Oct. 20, Floki Inu price spiked by 27%, reaching approximately $0.00009, with its market cap crossing $830 million, its highest since Oct. 10. While the Floki price has retreated toward $0.000083 at press time, traders remain optimistic of larger gains.
When he stepped down as Twitter CEO in 2023, following a controversial $44 billion acquisition a year earlier, he jokingly referenced Floki as his replacement, sparking a 140% price rally on the day.
Community speculation remains rife. A pseudonymous user “Bonk Guy” expressed optimism of a repeat triple-digit rally, echoing the dominant narrative in the comment section to Elon Musk’s post.
Floki Price Forecast: Can MACD Confirm a Falling-Wedge Breakout Toward $0.00035?
Floki’s 3-day price chart reveals a falling wedge pattern. This indicator typically indicates more volatile upside moves ahead. Floki price action sits near $0.0000829, with the MACD lines sitting slightly below zero but the histogram has tightened, confirming buyers regaining control. Another bullish crossover (blue line crossing above red) on the daily/3-day timeframe would confirm another leg-higher.
Floki Inu Technical Price Analysis | TradingView
A decisive break and weekly close below the wedge support around $0.00006 invalidates the bullish momentum. The Bull-Bear Power (BBP) readings are marginally negative but flattening, indicating sentiment is mixed rather than decisively bearish.
If FLOKI posts a decisive close above $0.00015 with a confirmed MACD crossover and rising volume, the next major resistance lies at $0.00011 with an extended target near $0.00037 if falling wedge target is validated.
Conversely, a weekly close below the wedge floor around $0.00005 would invalidate the bullish Floki price forecast and heighten risks of a reversal toward $0.00004.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
