{"id":3912,"date":"2025-06-24T19:04:50","date_gmt":"2025-06-24T19:04:50","guid":{"rendered":"https:\/\/bitunikey.com\/news\/floki-approaches-key-support-will-a-double-bottom-trigger-a-reversal\/"},"modified":"2025-06-24T19:04:52","modified_gmt":"2025-06-24T19:04:52","slug":"floki-approaches-key-support-will-a-double-bottom-trigger-a-reversal","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/floki-approaches-key-support-will-a-double-bottom-trigger-a-reversal\/","title":{"rendered":"Floki approaches key support: will a Double Bottom trigger a reversal?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Floki is nearing the origin of its last major rally after a prolonged decline. A double bottom formation could be in play, but only if key levels and volume align.<\/p>\n<p>Floki (FLOKI) has been in a sustained downtrend after rejecting from the value area high and losing the point of control. This momentum shift triggered a broad correction, with price now nearing the origin of its previous major rally, a region that may act as the foundation for a potential double bottom reversal, if confirmed with structure and volume.<\/p>\n<h2 class=\"wp-block-heading\">Key technical points<\/h2>\n<ul class=\"wp-block-list\">\n<li><strong>Current Trend: <\/strong>Bearish correction after rejection from key resistance.<\/li>\n<li><strong>Critical Support Zone:<\/strong> Approaching previous rally origin, potential double bottom area.<\/li>\n<li><strong>Volume Behavior:<\/strong> Low during decline, volume surge required for bullish confirmation.<\/li>\n<li><strong>Reversal Signal: <\/strong>Reclaiming the value area high would confirm structure shift.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14391480\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">FLOKIUSDT (1D) Chart, Source: TradingVIew<\/figcaption><\/figure>\n<p>Floki\u2019s decline began with a clean rejection at the value area high and a breakdown through the point of control, signaling weakening structure and a shift in trend. Since then, price action has drifted lower with minimal volume support, highlighting a lack of buyer conviction.<\/p>\n<p>Now, Floki is trading near the origin of its last major rally, an area that previously triggered strong upward momentum. If price can hold this support zone and establish a base, there is a strong technical case for a double bottom formation. However, this setup is still in early development.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Confirmation would require Floki to consolidate in this region and reclaim the value area high with a meaningful increase in volume. Without an influx of demand, the double bottom setup could fail, leaving room for continued downside.<\/p>\n<p>This formation represents a key inflection point within the broader trading range. Until Floki reclaims high timeframe resistance with conviction, price is likely to remain rotational.<\/p>\n<h2 class=\"wp-block-heading\">What to expect in the coming price action<\/h2>\n<p>Floki is nearing a make-or-break support level. If a double bottom forms and the value area high is reclaimed on volume, a new rally could begin. Otherwise, further downside remains in play. The developing structure is worth watching, as it may signal the early stages of a macro reversal, but only if bulls step in decisively.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Floki is nearing the origin of its last major rally after a prolonged decline. A double bottom formation could be in play, but only if key levels and volume align.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3912"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3912\/revisions"}],"predecessor-version":[{"id":3913,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3912\/revisions\/3913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/597"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}