Elon Musk Tweet Sparks 20-30% Floki Inu Rally and Bullish Outlook
Elon Musk’s recent tweet jokingly naming Floki Inu as X’s CEO drove an initial 30% surge, followed by a 20% rally to a ten-day high near $0.00009 before a pullback to $0.0000668. This volatility highlights Musk’s ongoing influence on meme coins and coincided with Floki Inu’s new regulated spot product via Valour Floki SEK, opening TradFi demand.
On-chain and technical indicators show Floki Inu trading inside a multi-month channel. Prices rebounded off support at $0.00004–$0.000064, forming a double-bottom. The RSI has moved back above 50, later easing to 41, while the MACD nears a golden cross and shows waning bearish momentum. Key resistance levels stand at $0.00009 and $0.000115. A decisive breakout could clear the way toward previous highs and even the $0.005 mark, offering substantial upside, whereas a breach of support risks a drop to $0.000028.
Trading volume jumped over 160%, underscoring renewed trader interest. Crypto traders should monitor these technical levels and volume shifts to time entries and exits, while remaining cautious of meme-coin volatility.
Bullish
The combined news of a 20–30% price surge, a 160% volume spike, and supportive technical signals—double-bottom reversal, RSI recovery, and a looming MACD golden cross—points to strong bullish momentum for Floki Inu. The added regulated spot listing also underpins fresh TradFi demand. In the short term, traders can leverage support and resistance levels for entries, while a successful breakout could sustain gains over the longer term. Volatility remains high, but the overall outlook is positive.