Recent activity in the memecoin market has seen PEPE and FLOKI experience substantial price movements. Both tokens have shown strong growth in the last day and week, as reported by CoinGecko.
Both meme coins, PEPE and FLOKI, have risen by 15.80% and 13.88% over the past day, respectively. Tweets from analysts, including Alex Clay and Unipcs, suggest that these meme coins are poised for further rallies, supported by technical analysis and upcoming catalysts.
PEPE’s Accumulation Phase and Expected Rally
According to Alex Clay, PEPE is currently displaying a textbook cycle structure. The meme coin has moved through an inverse head and shoulders pattern and is now in a symmetrical triangle formation.
#PEPE is printing a textbook cycle structure Accumulation inside Inverse Head & Shoulders → Rally → Re-Accumulation inside a Symmetrical Triangle And now I am looking for the final rally which teleport us into the next phase → Distribution short-term target -… pic.twitter.com/NLx1ZEdd0E
— Alex Clay (@cryptclay) September 26, 2024
According to Clay, this phase of re-accumulation is projected to result in a last surge that might meet mid-term and short-term expectations. With further possibility to achieve $0.00002695, $0.00003995, and $0.00005295 in the mid-term, his analysis points to a temporary target price of $0.00001885.
With PEPE trading at $0.00001053 and displaying great momentum in daily and weekly performance, the price data supports this expectation. Given projected further upward movements in the next days, traders should pay attention to this accumulation phase.
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FLOKI Prepares for Explosive Growth
Unipcs, known in the community as ‘Bonk Guy,’ tweeted about FLOKI’s resilience during recent market movements. He noted that FLOKI has been one of the strongest memecoins and expects a major surge when broader market conditions align.
Several catalysts are driving this expectation, including the upcoming launch of FLOKI’s hyped metaverse game in November. Moreover, the potential for increased burn rates from trading bot revenue also is crucial.
$FLOKI has been one of the strongest memecoins on this recent movewhich makes me think it really explodes when we get the real move soonespecially with a lot of catalysts– 50% of floki trading bot revenue going towards burn. this could get a boost with GraFun launch as it's… https://t.co/QR0PAJI9Md pic.twitter.com/Tdt5MUXkKJ
— Unipcs (aka 'Bonk Guy') (@theunipcs) September 27, 2024
FLOKI trades at $0.000168, and it has seen a 23.53% increase over the past week. The upcoming GraFun launch, which is expected to integrate FLOKI’s trading bots, could also fuel further price gains.
Analyst Insights and Market Outlook
Both PEPE and FLOKI are benefiting from growing attention in the memecoin sector, driven by both technical setups and external developments. Analysts remain cautiously optimistic, with clear technical patterns suggesting further price gains for PEPE and upcoming catalysts bolstering FLOKI’s growth prospects.
With PEPE’s accumulation phase nearing its end and FLOKI’s fundamental drivers gaining momentum, the next few weeks could be pivotal for both coins.
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The post PEPE and FLOKI Prices Soar: Why Both Meme Coins Could Be Poised For Further Gains appeared first on CaptainAltcoin.
