FLOKI Forms Falling Wedge, Breakout Hints at 258% Surge

On June 3, 2025, X user @army_shiba posted a bullish technical chart for FLOKI/USDT, calling for a major breakout. He described FLOKI as part of a “dog trilogy” alongside Dogecoin (DOGE) and Shiba Inu (SHIB), and stated a personal price target of $0.0004 or higher.

The chart shows FLOKI forming a falling wedge pattern. This technical structure appears when an asset’s price moves inside two downward-sloping, converging trendlines. It often signals a potential bullish reversal if price breaks above the upper trendline, which FLOKI appears to be doing.

As of publishing, FLOKI trades at $0.00008904. The breakout from the wedge seems active, with price moving near or above the wedge’s resistance line. Based on the measured height of this falling wedge, the projected target sits at $0.00029062, representing a probable 258.93% gain from the current price.

In the post, @army_shiba set $0.0004 as a personal price target. This level lies above the chart-based projection and suggests a 348% rally from current levels. While the falling wedge supports a bullish scenario, reaching $0.0004 would require sustained buying volume and momentum.

A countdown label on the chart indicates 5 days and 11 hours, likely referencing the close of the weekly candle.

On June 3, 2025, FLOKI’s 4-hour Relative Strength Index (RSI) closed at 53.26, moving above its signal line at 43.87. The RSI uses a 14-period setting and tracks price momentum. It crossed above the 50-neutral level after bouncing from oversold territory on June 1.

Looking back on the chart, the RSI dropped below 30, confirming an oversold condition. That dip marked a local bottom. From there, buyers stepped in, pushing momentum steadily upward. The yellow signal line lagged behind but now turns upward, supporting bullish divergence.

This crossover suggests growing buying interest. As long as the RSI holds above 50 and the signal line, FLOKI may maintain upward pressure. Combined with the earlier falling wedge breakout, this indicator adds to the bullish structure.