Floki (FLOKI) seems to be making another rebound as the asset rallies more than 85% over the last 30 days. The memecoin is currently up 5.9% in the daily charts and 39.9% in the 14-day charts, according to CoinGecko data. Despite the incredible upswing, the coin is down 5.7% in the weekly charts and 26.3% over the previous year.
What’s Behind Floki’s 85% rally? When Will It Hit $0.0002?
FLOKI’s rally came amid a market-wide surge. Bitcoin (BTC), XRP, and BNB hit new all-time highs over the last two weeks. The crypto market experienced one of its most significant rallies in recent times earlier this month. The market registered a pullback over the last few days, but has since witnessed a rebound. The rally earlier this month was likely due to pro-crypto legislation being passed in the US and increased inflows into crypto-based ETF products.
FLOKI’s rally brought it back into the top 100 projects by market cap. The memecoin slipped out of the top 100 projects after a price dip over the last few months. While the rally is commendable, FLOKI is still down by 61.6% from its all-time high of $0.0003449. The coin hit its peak in June 2024, a little more than one year ago.
Also Read: 4 Hot Meme Coins for 2025: Troller Cat, Floki & Brett Could Deliver Big Returns
According to CoinCodex’s analysis, FLOKI could continue to rally over the next month. The platform anticipates the asset to hit the $0.0002 mark on Sept. 17. Hitting $0.0002 from current price levels will entail a rally of about 50%.
There is a possibility that FLOKI will face a correction over the coming days. We may see increased volatility next week. Investors may look for clues on the Federal Reserve’s monetary policy. The Federal Open Market Committee (FOMC) meeting is scheduled for July 29. Market participants will likely wait for the meeting minutes before taking positions.
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