FLOKI Rebounds Above $0.000050 as Open Interest Recovers After Sharp Liquidation Drop
FLOKI rebounded above $0.000050 after a sharp drop liquidated leveraged positions, leading to stabilized Open Interest and renewed short-term strength.Summary
The meme token FLOKI is showing renewed short-term strength, trading above $0.000050 following a sharp price drop to $0.000043 that cleared significant long liquidations. This event caused Open Interest (OI) to collapse before stabilizing around 2.32M, suggesting overheated leverage was flushed out, creating a healthier market structure for controlled re-entry.
Following the bounce, FLOKI reclaimed $0.000048 and stabilized near $0.0000498. Data shows the coin is up 4.73% in 24 hours, with a market cap of $485.82M and increased volume, indicating spot buyers are accumulating near the $0.000047–$0.000048 support zone.
Despite the rebound, technical indicators show weak momentum; the daily MACD remains slightly bearish with faint green histogram bars, and the Chaikin Money Flow (CMF) is slightly negative (-0.08), suggesting the market is stabilizing but has not yet entered a strong directional phase.
(Source：Brave New Coin)