Crypto analyst Alex Clay has identified promising patterns for two meme coins, FLOKI and PEPE. Clay’s tweets highlight bullish structures for both tokens, suggesting potential price increases. The analyst provides specific price targets for each coin, indicating possible gains soon.
What you'll learn 👉
FLOKI Forms Bullish Flag
FLOKI is showing signs of a bullish structure according to Clay’s analysis. The crypto is currently re-accumulating in the form of a bullish flag pattern. This formation is occurring just below the token’s all-time high resistance level.
Clay outlines three potential price targets for FLOKI. The first target is set at $0.00064100, followed by $0.00096150, and finally $0.00128190. These projections suggest substantial upside potential for FLOKI investors.
The bullish pattern oftenly indicates the continuation of an upward trend. This formation could signal that FLOKI may be preparing for a breakout above its current resistance level.
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Show more +PEPE’s Ascending Triangle
PEPE is also displaying a promising chart pattern. Clay notes that PEPE is currently re-accumulating inside an ascending triangle on the weekly chart.
The analyst suggests entering the market at the current level. He also recommends adding to positions at the breakout point of the ascending triangle. Clay emphasizes that this strategy presents “not much risk” for investors.
For PEPE, Clay provides three price targets: $0.0000287, $0.0000417, and $0.0000547. These targets represent potential gains for investors who follow his analysis.
Ascending triangles are often considered bullish patterns. They typically indicate accumulation and can precede noteworthy price movements.
Read also: Worldcoin’s WLD Crypto Price Pumping: Here’s Why
Market Perfomance and Price Action
Both PEPE and FLOKI have had noticeable price movements, aligning with Alex Clay’s bullish predictions. At press time, PEPE trades at $0.000012, a 6.89% value increase in the last day and a 30.35% surge over the past week.
Similarly, FLOKI trades at $0.0001887, showing a 7.15% and 25.38% price rise in the last day and week.
These price actions have been accompanied by substantial trading volumes, with PEPE seeing $2.29 billion and FLOKI $453 million in daily trading activity. These movements lend credence to Clay’s analysis, suggesting that the predicted bullish patterns may indeed be playing out in the market.
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