Floki Price Soars 6% Following Rice Robotics Partnership

Highlights:

The Floki price flaunts a bullish muscle, increasing 6% to $0.00008.
The recent Rice robotics partnership with Flki has triggered a 40% surge in the Floki market in a week.
CoinGlass data shows a drop in open interest, indicating that traders are closing their positions.

The Floki price has been in a sustained downtrend; however, the bulls are gaining strength. The bullish sentiment is evident in the FLOKI market, as the token has flipped the 50-day MA at $0.00006180 into an immediate support level. Moreover, the Floki price is currently exchanging hands at $0.000083, indicating a 6% surge in the past 24 hours.

What’s Causing Floki Price Surge?

The recent bullish sentiment comes as Floki revealed the launch of a custom AI-powered robot and Rice token.

Floki stated:

“AI robotics startup Rice AI will launch a custom Floki AI-powered companion robot. The AI-powered companion robot, named the FLOKI mini bot M1, will be natively integrated with the RICE AI decentralized protocol. Additionally, the RICE token will launch mainly through TokenFi Launchpad, where token stakers can participate in the token sale event.”

These recent developments have sparked a strong rally in the Floki market, with investors gaining optimism about further upside. On the other hand, the crypto market shows strength, as major altcoins, including Bitcoin, knock at major resistance levels. The pioneering crypto has broken through the $95K mark, as the bulls target the $100K level. Can the Bitcoin Bullish outlook ignite more upside in the Floki market?

RICE ROBOTICS TO LAUNCH A CUSTOM FLOKI AI-POWERED ROBOT AND THE $RICE TOKEN

AI robotics startup @realRiceAI will launch a custom Floki AI-powered companion robot. The AI-powered companion robot, named the FLOKI minibot M1, will be natively integrated with the RICE AI… pic.twitter.com/6QQjpBFGqO

— FLOKI (@RealFlokiInu) April 28, 2025

Floki Price Outlook

The Floki meme coin has been on a tear in April; however, the bulls have ignited a bullish surge, indicating a whopping 41% in the past week. Its daily reading volume, which has spiked 150% to $218M, supports the bullish outlook. This recent surge shows heightened investor confidence in the Floki market. If the bulls sustain the price levels above the support of $0.000061, further upside is likely. This will see Floki’s price rally towards the next key resistance at $0.00013, which coincides with the 200-day MA.

Further, the Floki technical indicators paint the bigger picture as bullish, as the buying activities surge. A zoomed outlook at the Relative Strength Index (RSI) sits above the 50-mean level at 69.40. In such a case, investors should be cautious in evading possible retracement actions.

Notably, the momentum indicator (MACD) upholds a buy signal, as it has crossed above the orange signal line. Its position above the neutral area in the positive territory indicates that the bulls have put their best foot forward, showing the bears nothing but dust.

On the flip side, the Floki price risks a correction, as the RSI is almost overbought. This may ignite early profile booking, causing a retracement. In such a scenario, the Floki price risks hitting the $0.000061 support area. A breach below this level will ignite further selling momentum, invalidating the bullish grip on the market.

Floki Derivatives Analysis

A quick look at Floki derivative analysis shows a drop in open interest by 8% to $27.63M. On the other hand, the volume has soared about 165% to $154M, indicating heightened market activity. However, the slightly mixed signal indicates that the traders may be closing their positions. This may lead to Floki price reversal before the bulls gear up for another upward trajectory.