Recent market activity has seen significant price increases for meme coins $PEPE and $FLOKI According to CoinGecko, both tokens have experienced impressive growth, with PEPE rising by 15.80% and FLOKI by 13.88% over the past day. Crypto analysts, including Alex Clay and Unipcs, suggest these coins are on track for further rallies, backed by technical indicators and upcoming catalysts.
PEPE's Accumulation Phase and Anticipated Rally
Analyst Alex Clay highlights that PEPE is currently following a classic market cycle structure. The coin has moved through an inverse head and shoulders pattern and is now in a symmetrical triangle formation, signaling a re-accumulation phase.
In a tweet, Clay explains:
"PEPE is showing a textbook cycle structure: Accumulation inside Inverse Head & Shoulders â Rally â Re-Accumulation inside a Symmetrical Triangle. I'm expecting the final rally to take us to the next phaseâDistribution."
Clay's analysis points to short-term targets of $0.00001885, with mid-term price levels potentially reaching $0.00002695, $0.00003995, and $0.00005295. With PEPE currently trading at $0.00001053 and showing strong momentum, traders should watch for further upward movement in the coming days.
FLOKI Set for Explosive Growth
Meanwhile, Unipcs, a prominent voice in the meme coin community, notes FLOKIâs resilience during recent market shifts. He believes FLOKI is well-positioned for a significant rally, especially once broader market conditions improve.
Several factors are driving this optimistic outlook, including the upcoming launch of FLOKIâs metaverse game in November and the potential for higher burn rates from trading bot revenue. Unipcs tweeted:
"FLOKI has been one of the strongest memecoins lately, and I think itâs set to explode once the real move happens, especially with key catalysts like 50% of FLOKI trading bot revenue going to burns and the GraFun launch on the horizon."
FLOKI, currently trading at $0.000168, has surged by 23.53% over the past week. The upcoming integration of trading bots and the GraFun launch could provide additional fuel for price gains.
Analyst Outlook and Market Momentum
Both PEPE and FLOKI are gaining attention in the meme coin market, driven by technical setups and upcoming developments. Analysts remain cautiously optimistic, with PEPEâs accumulation phase nearing its conclusion and FLOKIâs key catalysts, such as the metaverse game launch, providing growth opportunities.
In the coming weeks, both coins could see significant price action, making this a critical period for traders and investors alike.
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