#狗VS蛙 Let’s take a closer look at the price chart and technical analysis of PEPE and FLOKI to find out more.
As Ethereum prices rose 2.75% and broke through the $3,900 mark at the start of the Asian trading session, meme coins also rose. With popular coins such as PEPE and FLOKI set to see a sharp rise this week as the bull run is about to arrive.
Last week, PEPE rose by double digits, almost 100%. Will meme coins see a similar surge in demand this week? Or is the high-volatility coin about to see a correction?
This week, PEPE rose 75% to $0.000031
On the weekly chart, PEPE prices broke out at supersonic speed, reaching an all-time high of $0.00001685. Currently, the meme coin is trading close to this level and challenging the 1.618 Fibonacci level for another breakout rally.
With a market cap of $7 billion on the horizon, Pepecoin has now become the third-largest meme coin in the market. However, it will have to double in size to rival the second-ranked Shiba, which has a market cap of $14.42 billion.
An intraday gain of 3.63% and a sharp 75% gain last week have set a bullish foundation for the week. A rally above $0.00001678 could extend this week’s bull run to $0.000024 or $0.000031.
FLOKI rebounds to new all-time highs
FLOKI coin price has seen a bullish reversal to extend the bull run as the meme coin industry breaks out. Increased demand at $0.00015 has led to a bottom reversal and a neckline at $0.0002737
The meme coin has gained 61% in the past six weeks and is expected to challenge the neckline for a new breakout rally. Such a move would extend the higher high formation and provide a bullish entry opportunity.
As the trend-based level retraced during the February bull run, a breakout rally could target the $0.00039 level. FLOKI has an intraday gain of 7.88% and can optimistically reach the 1.618 Fibonacci level, which is $0.00054.
Will These Meme Coins Deliver Bullish Returns This Week?
As Ethereum prices rise, meme coins can take advantage of increased demand and investor confidence in a long-term bull run. Moreover, PEPE, FLOKI’s technical analysis foreshadows a breakout rally this week. Therefore, OTC traders may get a high-return entry opportunity this week.#狗VS蛙 #山寨币热点 $FLOKI PEPE#meme板块关注热点
