FLOKI Price Surge Hinges on Structural Fuel Amid Overbought Momentum

FLOKI has seen a significant price increase of 12.44% in just 24 hours, riding a macro-driven short squeeze triggered by a U.S. Treasury announcement.

The asset's price is currently around $0.0000247, representing a 17-22% gain over the past seven days.

However, experts warn that high-beta tokens like FLOKI are often the last to catch macro rallies and first to give them back, making it crucial for traders to assess whether there's enough structural fuel to sustain the next leg of the rally.

The momentum data is not comfortable for longs, with RSI at 77.97 in overbought territory, Stochastic %K at 99.84 pegged to the ceiling, and Bollinger Band %B reading of 1.41 indicating that price has blown through the upper band.