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Meme Coin Price Predictions: Here’s What to Expect from PEPE and FLOKI This Week

Release: 2024/06/10 20:03 Reading: 556

Original author:Captain Altcoin

Original source:https://coinmarketcap.com/community/en/articles/6666e863f2aae661e6778370

Meme Coin Price Predictions: Here’s What to Expect from PEPE and FLOKI This Week

Pepe Coin (PEPE) and Floki Inu (FLOKI) Price Predictions

Pepe Coin (PEPE) and Floki Inu (FLOKI) have exhibited recent rallies. However, their broader market performance remains muted.

Pepe Coin (PEPE) Technical Analysis

PEPE is currently in an uptrend, recently breaking out of a channel up pattern. Resistance was encountered at $0.000017, but rejection occurred, offering potential entry opportunities.

altFINS suggests a pullback near $0.0000113 could present a swing trade entry, with a 50% upside potential back to $0.000017. The stop loss is recommended at $0.0000110.

Potential resistance levels based on Fibonacci Extensions include:

  • $0.0000184 (61.80%)
  • $0.0000200 (78.60%)
  • $0.0000215 (100%)
  • $0.0000266 (161.80%)

Trend and Momentum Analysis

Pepe Coin's short-term trend is neutral, while the medium-term and long-term trends are strongly bullish. Momentum is currently bearish but shows signs of improvement, suggesting a potential upswing.

Support zones are identified at $0.000012 and $0.0000092. Resistance zones are located at $0.000015 and $0.0000164.

Floki Inu (FLOKI) Technical Analysis

FLOKI is also in an uptrend, having broken out of a channel down pattern and surpassing its previous ATH of $0.000316.

altFINS identifies a potential swing trade entry opportunity at the $0.00027 support level, with a 30% upside target of $0.00036.

Fibonacci Extension levels provide potential resistance areas at:

  • $0.00036 (61.80%)
  • $0.00039 (78.60%)
  • $0.00044 (100%)
  • $0.00056 (161.80%)

Trend and Momentum Analysis

FLOKI's short-term, medium-term, and long-term trends are all bullish, indicating strong support for the token. The RSI-14 suggests the token is not overbought or oversold.

Support zones are located at $0.00027 and $0.0002. Resistance zones are identified at $0.000316 and $0.00036.

Price Predictions by Coincodex

This week, Coincodex predicts FLOKI's price will rise to $0.00034, with a bullish sentiment and a Fear & Greed Index of 72 (Greed).

For PEPE, Coincodex predicts a price rise to $0.00001610, despite a bearish sentiment and a Fear & Greed Index of 72 (Greed).

The technical analysis and price predictions provided by altFINS and Coincodex offer valuable insights into the potential opportunities and risks associated with these tokens for this week.

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