FLOKI Slumps as Descending Channel Resistance Holds Strong

FLOKI's recent 7.14% gain has brought it near $0.00002637, but the token remains stuck in a descending channel that has crushed every rally since late 2025.

The meme coin is still 92.4% below its all-time high of $0.0003449 set in June 2024 and has been printing the same pattern repeatedly.

Bitcoin's recovery, which has been around 5%, has fueled this morning's pop, but the Crypto Fear & Greed Index reading is firmly in Greed territory at 70-72.

The Fed's 25-basis-point hike to 3.75%-4.00% on September 17 and the Senate's rejection of the CLARITY Act are real headwinds that haven't been fully priced into speculative mid-cap tokens.