Memecoin Mania: PEPE- FLOKI- WIF Aim for Another 20% Gain After 25% Rise
Release: 2024/07/17 02:23 Reading: 767
Memecoins Surge Amidst Ethereum ETF Optimism
As the cryptocurrency market gains momentum ahead of the anticipated launch of the spot Ethereum ETF, memecoins have experienced a resurgence in trading activity. Tokens such as PEPE, FLOKI, and WIF, which had been consolidated in narrow ranges, recently broke out due to the positive price action.
After Bitcoin reclaimed the $63,800 resistance level, the market, particularly memecoins, has become increasingly bullish. However, despite Bitcoin's rise from below $60,000, prominent memecoins faced challenges, with PEPE struggling to regain the $0.00001 level, causing disappointment among investors. FLOKI, on the other hand, has shown remarkable resilience and is leading the current top performers.
PEPE Price Rally: Potential to Reach $0.000015 Amidst Bearish Concerns
PEPE's price has been hovering within a tight range slightly below $0.00001 for nearly a week. However, after amassing significant strength, it has initiated a rally and re-entered a bullish range, aiming to break through the $0.000015 level. Despite this upward momentum, bearish signals may potentially hinder the rally's progress.
Pepe's price has moved into a rising parallel channel, but concerns about a pullback remain as it approaches the upper threshold of the Bollinger Bands. Additionally, the RSI indicator is nearing the overbought zone. However, the lower support of the channel could provide a solid foundation, potentially enabling bulls to push the price above $0.00001325. Overall, the PEPE price rally remains within bullish parameters and could reach $0.000015 with continued positive movement.
FLOKI Price Poised for Strong Upswing After Ending Bearish Trend
The recent rebound has reversed a month-long bearish trend that followed a rejection from levels above $0.0003. Bulls have reignited a robust upward trend, with FLOKI now attempting to clear resistance at $0.0001919 after stabilizing at $0.00016. Technical indicators have turned bullish, suggesting that FLOKI is likely to maintain its ascent towards the upper target above $0.0002.
Since establishing a new all-time high (ATH), FLOKI has been trading within a defined range. The supertrend indicator has shifted to bullish, indicating that bulls have regained control. Consequently, the price is expected to rise steadily and reach the upper resistance zone between $0.000244 and $0.000251. Subsequently, the token may establish a new ATH close to $0.0004 in the near future.
WIF Price: Horizontal Consolidation Expected Amid Weak Bullish Momentum
Unlike other top-traded memecoins, WIF is anticipated to experience lateral consolidation as bullish momentum appears to be waning. After a substantial surge from lows around $1.51, the price has risen to the resistance zone between $2.15 and $2.27. It is expected to remain within these levels due to the current weakness of the bulls.
Despite a 25% gain, WIF remains under bearish influence, with technical indicators displaying a neutral stance. The On-Balance Volume (OBV) indicator has improved from its lows but has not surpassed average levels. While there is a modest increase in buying volume according to the MACD indicator, the price is likely to consolidate near the resistance zone. A decisive breakout of these levels could propel WIF into a stronger ascending trend, reaching the upper resistance zone.
Important: Please note that this article is for informational purposes only and should not be construed as legal, tax, investment, financial, or any other type of advice.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com