With FLOKI blasting higher alongside BTC and ETH, traders can expect the memecoin to retest early January highs.

The higher timeframe bias for FLOKI was strongly bullish after it rallied 82% in a month. It could push past $0.00015 next, but before that, there was the chance of volatility in the coming days.

Floki [FLOKI] has rallied 41% in five days, measured from the 14th of July. The bulls have conquered two levels of critical importance to the continued rally.

The first was the $0.000096, flipped to support on the 16th of July. The second was the high from May at $0.000123, which was flipped to support the next day, on the 17th.

The memecoin market has performed well over the past month, adding almost $21 billion to the sector’s total market cap. It was up 46%, while FLOKI was up 82.4% over the past month.

The runaway bullish momentum of Bitcoin [BTC] and Ethereum [ETH] has contributed to FLOKI’s performanceOver the weekend, BTC might see a minor price dip to drop to the $117k mark. Will this interrupt FLOKI’s march higher?