Memecoins Tumbling Down, FLOKI, & Pepe Plunge Heavily: What’s Next?

Memecoins Tumbling: FLOKI and Pepe Plunge

Amidst a bearish crypto market, memecoins have taken a significant hit, with FLOKI and Pepe experiencing substantial declines.

Pepe (PEPE) Price Analysis

PEPE has been on a steady upward trajectory, but has recently lost over 20% of its value after reaching a new all-time high. The token is now within a descending parallel channel, with the MACD indicating a bearish crossover. Support may be found at $0.0000119, but a bearish trend is likely in the near term.

FLOKI (FLOKI) Price Analysis

Similar to PEPE, FLOKI reached new highs during the recent rally but has since retreated within a range. The token is now following a parabolic curve and testing the neckline of its consolidation. A break below this level could lead to a 10% pullback, which could attract buyers for a potential upswing.