The recent surge in Floki's price to $0.000196, reaching a 7-day high, has attracted new investors as it may break out above $0.0002. The total value locked (TVL) and active addresses for Floki have also significantly increased. The bullish technical indicators suggest that the price could reach a new all-time high.

In April, the crypto market experienced a downturn, but in May, the bulls have shown signs of a potential rally. Despite meme coin season being in its early stages, Floki inu (FLOKI) has seen a surge in active wallets over the past two weeks, hinting at future growth.

The active wallets for Floki have increased by 30% in the past 2 weeks, indicating a positive trend. The TVL on Floki locker has also risen by 71% from March to May 2024.

Floki's current price is $0.000192, showing bullish momentum with a rising market cap and trading volume. A break above the $0.0002 resistance level could lead to further price increases and attract more investors.

Despite facing high volatility and some cautionary signals like a slightly positive MACD, the overall technical analysis for Floki is favorable. This presents an opportunity for new investors to enter the market, but caution is advised as corrections may still occur.