The whale transaction volume ($100k–$1M) on the FLOKI network surged over 1700%, while Open Interest increased by 30.73%. FLOKI broke through short squeeze zones, targeting $0.00011583, but the RSI indicated potential overbought risks. Large transactions have significantly risen, showing a resurgence in activity among whales and mid-tier investors. Additionally, Open Interest reached $33.69 million, reflecting a rise in leveraged long positions. At the time of writing, FLOKI was trading at $0.0001045 after a 11.03% gain in the past 24 hours. This capital inflow and aggressive trading behavior support the current bullish momentum.
Development activity on FLOKI has sharply increased after months of dormancy, hitting 1.67 as of press time, the highest level in months. This suggests the team may be actively building or preparing new features or upgrades. Historically, such spikes precede network announcements or integrations, energizing market sentiment.
The MVRV Z-score was 1.01 at press time, indicating profitable territory for average holders. A rising MVRV suggests recent buyers are seeing gains, boosting confidence. However, this also raises profit-taking risks if the metric climbs too high. The NVT ratio has soared to 617.98, suggesting network value far exceeds actual transaction volume. Such a high ratio often signals overvaluation or speculative froth rather than organic utility growth.
AMBCrypto’s analysis of the liquidation heatmap revealed FLOKI broke above a cluster of short positions between $0.000095 and $0.000098, likely triggering liquidations and accelerating the upward move. The price surpassed the 2.618 Fib extension ($0.00009144) and now targets the 3.618 and 4.236 extensions at $0.00011009 and $0.00011583, respectively. The RSI at 73.86 places FLOKI in overbought territory, signaling strong momentum but caution is advised as price may consolidate or retrace slightly.
A clean break above $0.00011009 would reinforce bullish strength and validate higher targets. FLOKI’s surge is supported by whale accumulation, rising development activity, and increased leveraged positioning. However, the elevated NVT ratio and overbought RSI highlight potential near-term risks. Sustainability will depend on continued network engagement and whether short-term speculators take profits or double down.
— new from AMBCrypto
