Technical analysis by weslad about Symbol FLOKI: Buy recommendation (7/29/2025)

FLOKIUSDT is trading within an ascending channel, recently rejecting from the upper boundary near $0.00034416. Price has since entered a prolonged consolidation phase, forming a descending broadening wedge. The current focus remains on the $0.00020188 region; a breakout from this level would validate a potential wave 3 extension. Overall structure still targets a revisit to the channel’s upper boundary, supported by the recent bounce from the lower channel trendline. Key levels and targets are illustrated on the chart.