NOIDA (CoinChapter.com) —
TokenFi’s TOKEN and Floki Inu’s FLOKI tokens recently posted impressive rallies, capturing investor attention amid a broader crypto market rebound. TOKEN price surged by nearly 70% following the April 28 launch of Rice Robotics’ RICE token through TokenFi’s Launchpad. The partnership fueled optimism about TokenFi’s role in the growing tokenization sector, sharply increasing TOKEN’s price.
Meanwhile, FLOKI recorded a 19% spike to reach a daily high near $0.0000894 on April 28. The memecoin also painted a weekly gain of 48%, outpacing rivals like Dogecoin and Shiba Inu. The rally reflected excitement around FLOKI’s integration with Rice Robotics’ AI-powered Minibot M1 and its broader ecosystem expansion.
Overall, the crypto market maintained bullish momentum during the period, with Bitcoin stabilizing above $94,000 and Ethereum consolidating near $1,800. However, TOKEN and FLOKI are trading lower on April 29, likely due to profit-taking after their rapid gains.
Floki Bulls Hope Golden Cross Would Help Continue Rally
Floki Inu’s recent rally shows signs of exhaustion after an aggressive run-up. The price surged past the 20-day (red) and 50-day (purple) exponential moving averages, signaling a bullish shift. A golden cross between these EMAs appears imminent. Traders typically view the pattern as a momentum continuation signal. However, April 29’s 4.5% pullback near $0.000083, below the token’s 100-day EMA (blue) suggests bears are defending the EMA resistance.
The Relative Strength Index (RSI) stands at 68, just below the overbought threshold, indicating that the token was nearing an overheated zone before today’s correction. From a Fibonacci standpoint, FLOKI has rejected near the 0.5 Fib retracement level at approximately $0.000087, drawn from the December high to the March low. This aligns with the 100-day EMA as an immediate resistance cluster.
FLOKI has immediate resistance near $0.000087. Flipping the immediate resistance would target the resistance near $0.000096.
On the downside, the 0.382 Fib level near $0.000078 acts as short-term support, followed by the 20-day EMA at $0.000073. A breakdown below this area could send the price to the 0.236 Fib zone near $0.000066.
Despite the bullish crossover and strong weekly gains, FLOKI’s current candle structure suggests hesitation. The rejection at a key Fibonacci level, combined with RSI cooling off, points to consolidation or a minor pullback before any further advance.
To control the trend, bulls must maintain support above $0.000073. FLOKI remains technically bullish, but a cooldown phase appears likely before another leg up.
Post-Rally Pullback Tests TOKEN Support Integrity
TOKEN posted a parabolic move, rallying over 60% on April 28, before facing a sharp 15.6% pullback today. The move pushed the token above all short-term EMAs, with the 20-day (red) EMA rising steeply, reflecting strong recent momentum. However, the current red candle suggests that speculative excess may be cooling.
The RSI has dipped from above 70 to around 63, moving out of the overbought zone. That aligns with the rejection at the 0.786 Fibonacci retracement level near $0.026, measured from the January high to the March low. This level is now a key ceiling, reinforced by a volume spike that marks a potential local top.
The TOKEN price has immediate resistance near $0.026. Flipping the immediate resistance would target the resistance near $0.030.
The price has dropped to retest the 0.5 Fib retracement at $0.020, now serving as immediate support. If that level breaks, the next cushion lies at the 0.382 Fib near $0.018, close to the 100-day EMA. The final short-term safety net is $0.015, near the 0.236 retracement and April’s consolidation zone.
TOKEN price’s pullback does not yet invalidate the bullish structure. As long as TOKEN holds above $0.018, bulls retain momentum. However, failure to reclaim the $0.022–$0.026 zone soon may invite more selling pressure. Traders should watch volume behavior closely in the coming sessions to confirm whether this move was a shakeout or a local top.