Amidst a bearish market, Floki (FLOKI) is attracting attention due to its recent breakout and price surge. On August 28, 2024, FLOKI retested its bullish double-bottom pattern, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). The successful pattern suggests a potential 30% rally to the $0.00020 resistance level, provided it closes above $0.000158.

Currently, FLOKI is trading around $0.000157, with a 4% price increase and an 85% rise in trading volume over the past 24 hours. This bullish trend contrasts with DOGE, SHIB, and PEPE, which have seen drops of over 2.5%, 2.3%, and 4.7%, respectively.

FLOKI's open interest has surged by 35% in the last 24 hours, indicating growing investor interest. A key liquidation level is at $0.000165; if reached, $1.16 million worth of short positions could be liquidated, further supporting a bullish sentiment.