FLOKI is testing the upper boundary of a descending channel on the 3-day chart, signaling a potential breakout. The cryptocurrency has formed three descending channels in recent months, with previous breakouts leading to short-term upward movements. Currently, momentum appears to be shifting towards buyers, raising the possibility of a breakout if volume confirms. Traders are closely monitoring FLOKI's price action as it approaches this critical resistance level. Historical patterns suggest that a successful breakout could propel FLOKI to new highs. However, if the token fails to break above the resistance, it may remain within the channel. The upcoming trading sessions will be crucial in determining FLOKI's next move.