PEPE & FLOKI Prices Struggle at the Support, Here is What’s Next to Expect from Other Memecoins

Pepe & Floki Prices Face Resistance, Impact on Other Memecoins

Over the past weekend, markets have experienced a sluggish trend, with most tokens trading within narrow ranges. However, certain memecoins have shown resilience, pointing to potential gains for others.

Pepe (PEPE) Aims for 12% Surge

PEPE has faced bearish pressure since hitting its ATH of $0.00001718. While a corrective rally was expected, current trading patterns indicate a distinct trend. Despite the pullback, PEPE remains within a rising parallel channel, approaching its lower support.

Volume has dropped, and the RSI shows bearish divergence, suggesting the price may reach support at $0.00001, potentially triggering bullish activity. However, if bulls fail to react, the channel's lower support at $0.000009 could provide a strong base for a breakout.

Floki (FLOKI) Breaks Parabolic Recovery

FLOKI initially followed a parabolic recovery, reaching an ATH of $0.0003462. However, bearish forces halted the rally. The price is currently testing a significant support level and could decline further if it fails to hold.

FLOKI has broken down from its parabolic recovery, and the DMI indicates a potential bearish continuation. The price is expected to test interim support at $0.000244, which could trigger a rebound within the parabolic curve.

Impact on Other Memecoins

Other memecoins, such as WIF, BONK, and BOME, have also been trending downward. Historically, Pepe and Floki have been the leading memecoins. A strong surge in their prices could reignite the "Memecoin Mania."