FLOKI Launches on Webull Pay, Faces Volatility Amid Expanded Retail Access
FLOKI made its debut on Webull Pay, a prominent U.S. crypto trading platform, extending its availability to millions of retail investors. However, the token’s price action remained turbulent throughout the trading session.
Over the past 24 hours, FLOKI (FLOKI) fluctuated widely, moving within a $0.00005422 range between a high of $0.00009435 and a low of $0.00008913. By the end of the session, the token settled at $0.00008946, reflecting a 1.87% decline, according to CoinDesk Research’s technical analysis.
The trading day featured notable volatility, including a 4% rally during U.S. morning hours that quickly reversed as sellers stepped in around the $0.00009400 resistance level. At the height of the rally, trading volume surged to 95.85 billion FLOKI tokens, representing more than a 56% increase above the typical 24-hour average. Activity later slowed as the session moved into the U.S. afternoon.
The sharp price swings coincided with a significant announcement: FLOKI has been listed on Webull Pay, a major retail trading platform operated by Webull, which boasts more than 24 million users. According to the FLOKI team, the listing will improve liquidity and expand the project’s reach to a much broader audience, furthering its goal of establishing FLOKI as a widely recognized and adopted cryptocurrency.
Despite the later pullback and a failed rebound attempt around $0.00009016, FLOKI managed to stay above session lows. Although selling pressure persisted at higher levels, the token’s ability to remain above $0.00008900 suggests that some support is forming as traders adjust to the impact of the Webull listing.
Technical Highlights:
- FLOKI’s price action showed rapid swings between key levels from $0.00008900 to $0.00009400.
- The morning rally lost momentum quickly as volumes tapered after the 09:00 UTC surge.
- Persistent selling pressure was observed above $0.00009350, with multiple failed attempts to push higher.
- The final hours saw the price dip below $0.00009000, testing support.
- Elevated trading volumes accompanied price pullbacks, hinting at distribution rather than panic selling.
- FLOKI maintained levels above $0.00008900, indicating possible stabilization despite the session’s volatility.
