FLOKI's price is bumping against resistance levels that historically precede a pullback, with the token's Relative Strength Index (RSI) at 62 and its price pressing against the upper Bollinger Band. Analyst Caroline Bishop sees a 15% correction ahead, while a more bearish scenario forecasts a 25% decline that would drop the token to $0.000025 by June.
What the indicators show
The RSI reading of 62 sits above the neutral 50 mark but below the 70 threshold that typically signals overbought conditions. When paired with the price touching the upper Bollinger Band — a volatility band that expands and contracts with price action — traders often interpret the setup as momentum that has stretched too far. The Bollinger Bands measure standard deviations from a moving average; a touch of the upper band combined with a moderately high RSI suggests buying pressure may be exhausting itself.
FLOKI's current price level means the token is trading at the high end of its recent range. For momentum traders, these technical signals can act as a sell signal or at least a caution to tighten stops.
Two paths lower
Bishop's prediction of a 15% correction would erase roughly one-sixth of the token's recent gains. She did not specify a timeline for the move, but the forecast aligns with the technical setup that often triggers profit-taking after a run-up.
A second, more bearish outlook calls for a 25% slide that would bring FLOKI to $0.000025 by June. That target implies the token would retrace to levels seen earlier in the year before the latest rally took hold. Neither prediction factors in external catalysts such as exchange listings, regulatory news, or broader market shifts that could alter the trajectory.
What traders are watching
The next few trading sessions will test whether FLOKI can hold above the Bollinger Band or if selling pressure pushes it back inside the band. A breakdown below the upper band often accelerates in the direction of the mean — the middle band, which serves as dynamic support or resistance. If the price slips, the RSI would likely fall toward the 50 level, confirming a loss of short-term momentum.
The June target for the more bearish case looms as a concrete date on the calendar. Whether FLOKI corrects 15% or 25% — or defies the bearish calls entirely — depends on whether buying demand returns before sellers take control.
