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😱🔥As the declines end, PEPE and FLOKI are on the rise: Will this continue?
FLOKI and PEPE are up by 2% and 8% respectively.
Pepe's indicators were mostly bullish, but FLOKI's indicators were bearish.
Like most cryptocurrencies, Meme coins witnessed price corrections on April 27. Pepe [PEPE] and Floki Inu [FLOKI] were no exception, as their values also fell sharply.
However, there was some good news as these memecoins are showing signs of recovery which could allow them to regain the value they have shed.
In fact, floki's Weighted Sentiment remained in the negative zone, which meant that the bearish feeling around the token was dominant in the market.
However, the last few hours have been in favor of investors, as the price charts for both of these tokens have turned green. According to Coinmarketcap, the price of floki has increased by more than 2%.
At the time of writing, it was trading at $0.0001787 with a market capitalization of over $1.7 billion. We then checked floki's daily schedule to see which one he went to.
PEPE takes the lead
While #floki is on the rise, #pepe has gone even further, as its price has increased by more than 8% in the last 24 hours.
At the time of writing, meme coin was trading at $0.000007686 with a market capitalization of over $3.2 billion, making it the 37th most traded coin in the world. he was making it into the biggest crypto money.
Intotheblock's data revealed that more than 72% of PEPE investors were in profit at press time. AMBCrypto also found that the buying pressure on PEPE has increased in the last few days.
This seemed to be the case, as its supply outside the stock exchanges increased while its supply in the stock exchanges decreased.
The technical indicator MACD showed a bullish advantage in the market. Meme coin's Relative Strength Index (RSI) also registered an increase, implying that the price increase continued in the following days.
