FLOKI has experienced a continuous decline of 72% over the past year, but recently it has seen an undeniable rebound — soaring 18% in a single day. This upward movement is not without signs; the key factor is that the price has finally broken through a downtrend line that has been in place since October last year, marking the third attempt to move upward. Trading activity has also increased, with daily trading volume reaching $147.7 million.

From a technical perspective, the situation appears somewhat complex. The SAR indicator is below the price, and the Money Flow Index (MFI) is above 50, both signals tending to support the continuation of the rebound. However, the Accumulation/Distribution (A/D) indicator remains in negative territory, indicating that selling pressure still exists.

In terms of short-term targets, if the bulls can break through multiple resistance levels, the previous high of $0.00008930 could become the next goal. However, investors should remain cautious — the presence of selling pressure means that any upward movement could face selling resistance. FLOKI's turnaround journey is still ongoing, and the outcome remains uncertain.