Elon Musk's recent viral post featuring the Shiba Inu dog Floki as the CEO of X has led to a significant increase in FLOKI's trading volume and price. The meme coin reached a 10-day high of $0.00009 before experiencing a slight pullback. This surge in interest mirrors previous instances where Musk's mentions of FLOKI resulted in substantial price increases, such as a 140% rise in early 2023. FLOKI has been trading within a descending channel since early 2024, recently bouncing back from a support zone between $0.00004 and $0.00005. While technical indicators present mixed signals, they suggest potential for further recovery if the support holds. The next resistance level is at $0.00009, with a possible target of $0.005 if bullish momentum continues. FLOKI's trading volume increased by 161% following Musk's post, highlighting renewed retail interest, though a drop below $0.00004 could result in further declines.