Home > Information news > Meme Coin Price Predictions: FLOKI Lags, PEPE Slows – Where Are We Headed?

Meme Coin Price Predictions: FLOKI Lags, PEPE Slows – Where Are We Headed?

Release: 2024/06/13 20:02 Reading: 568

Original author:Captain Altcoin

Original source:https://coinmarketcap.com/community/en/articles/666ad9408e06df78f8b280d0

Meme Coin Price Predictions: FLOKI Lags, PEPE Slows – Where Are We Headed?

Meme Crypto Price Predictions: FLOKI Declines, PEPE Plateaus

FLOKI Faces Downward Trend

FLOKI's recent price action signals possible price declines following its all-time high reached eight days ago. The coin has since lost 40% of its value.

A bearish indicator is the broken trendline support that existed since mid-May. This suggests a downward trajectory, potentially reaching $0.000138, a 30% decrease from the current price.

News events or market sentiment shifts could reverse this trend.

Technical Indicators Paint a Bearish Picture for FLOKI

The Relative Strength Index (RSI) indicates seller control, with a reading of 40. The RSI suggests further price drops are possible, as it's not in an oversold zone.

Moving Average Convergence and Divergence (MACD) indicator shows bearish signals with increasing bearish volumes daily, reinforcing the negative sentiment surrounding FLOKI.

PEPE Maintains Bullish Pattern

Unlike FLOKI, PEPE's price has experienced a gradual 25% decline over the past three weeks, a correction following an upward move.

However, the overall chart pattern remains bullish, forming higher lows and highs. The price has reached the swing low and may start to rally again.

Potential for a Bullish Reversal

In the near future, PEPE is anticipated to rise and possibly approach its all-time high of $0.0000172. A break below the current support level of $0.0000114 would invalidate this bullish pattern.

Caution Advised

Caution is warranted before buying PEPE, as indicators suggest a neutral stance. The RSI reading of 47 indicates a balancing act between bullish and bearish potential.

The MACD signal line is below the MACD line, showing ongoing bearish sentiment.

Conduct Thorough Research

Investing in meme coins requires caution, as market factors beyond price action can influence their value. Investors should conduct thorough research, considering on-chain analysis, fundamental factors, and price movements.

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