😱Time is running out for PEPE and FLOKI.
Is the Meme Coin craze starting again? 😱
Pepe ($PEPE ) Price Eyes a 12% Upswing
Pepe's price has been facing significant bearish action since the token reached a new ATH of around $0.00001718. A minor retracement was expected to be followed by a bullish reversal, but current trends suggest a distinct reversal. Despite the pullback, #PEPE continues to trade within a rising parallel channel, with the price moving towards lower support.
Volume has dropped significantly, and the RSI shows a bearish divergence, indicating the price could reach the local support level of $0.00001, which might see bullish activity. However, if the bulls do not react, the lower support of the channel may provide a strong base. If this fails, the lower support zone around $0.000009 may trigger a strong breakout.
$FLOKI (#FLOKI ) Price Breaks Down the Parabolic Recovery
FLOKI's price was following a parabolic recovery, forming a new ATH at $0.0003462, signaling a revival of memecoin mania. However, bearish activity has halted this bullish trend. Currently, the price is testing important support levels and is expected to drop significantly if it fails to maintain these levels.
The FLOKI price has broken down from the parabolic recovery recorded before the strong ascending trend. The DMI indicates a potential bearish continuation. The price is likely to reach the interim lower support at $0.000244, which may initiate a strong rebound back within the parabolic curve.
Other memecoins like WIF, BONK, and #BOME are also stuck in a bearish trend. Recent history suggests Pepe and FLOKI are the top memecoins, and a strong rise in their prices could revive the ‘Memecoin Mania’.
