Pepe Coin (PEPE) and Floki Inu (FLOKI) have been on a decent rally over the past few weeks. However, across the whole crypto market, both coins are exhibiting muted performance. Let us take a closer look at the technical analysis and price predictions for these two popular meme coins for this week.
What you'll learn 👉
Pepe Coin (PEPE) Technical Analysis
According to the technical analysis provided by altFINS, Pepe Coin is currently in an uptrend, having recently experienced a bullish breakout from a channel up pattern. The price reached resistance at $0.000017 but faced rejection, presenting potential entry opportunities for traders.
altFINS suggests that a pullback near the $0.0000113 support level could offer an attractive swing trade entry opportunity in the ongoing uptrend, with a potential 50% upside back to $0.000017. The recommended stop loss is set at $0.0000110.
Source: altFINS – Start using it today
If PEPE manages to break above its all-time high (ATH) of $0.0000173, the next possible resistance levels based on Fibonacci Extensions are:
- $0.0000184 (61.80%)
- $0.0000200 (78.60%)
- $0.0000215 (100%)
- $0.0000266 (161.80%)
Trend and Momentum Analysis
The short-term trend for Pepe Coin is neutral, while the medium-term and long-term trends are both classified as “Strong Up.” The momentum is currently bearish but showing signs of inflection, with the MACD (Moving Average Convergence Divergence) histogram bars rising, suggesting that momentum could be nearing an upswing.
The nearest support zone for Pepe Coin is identified at $0.000012, followed by $0.0000092. On the upside, the nearest resistance zone is located at $0.000015, with the next resistance level at $0.0000164.
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Show more +Floki Inu (FLOKI) shows strong uptrend
Floki Inu is also in an uptrend, having recently broken out of a channel down pattern and surpassed its previous all-time high of $0.000316, forming a higher high – a sign of a strong uptrend.
altFINS identifies a pullback to the $0.00027 support level and the up trendline as a potential swing trade entry opportunity, with a 30% upside target of $0.00036. Using Fibonacci Extension levels, the next possible resistance areas (price targets) are:
- $0.00036 (61.80%)
- $0.00039 (78.60%)
- $0.00044 (100%)
- $0.00056 (161.80%)
Trend and Momentum Analysis
The short-term, medium-term, and long-term trends for Floki Inu are all classified as “Up” or “Strong Up,” indicating a robust bullish sentiment surrounding the token. The RSI-14 (Relative Strength Index) levels suggest that FLOKI is neither overbought nor oversold at the moment.
The nearest support zone for Floki Inu is located at $0.00027, followed by $0.0002. On the upside, the nearest resistance zone is identified at $0.000316, with the next resistance level at $0.00036.
Price Predictions by Coincodex
Coincodex’s current price predictions for Pepe Coin and Floki Inu provide further insight into the potential trajectory of these meme coins.
According to Coincodex, the price of Floki Inu is predicted to rise and reach $0.00034 this week. The current sentiment is classified as “Bullish,” with the Fear & Greed Index showing a value of 72 (Greed).
For Pepe Coin, Coincodex predicts that the price will rise and reach $0.00001610 this week. However, the current sentiment is classified as “Bearish,” despite the Fear & Greed Index showing a value of 72 (Greed).
Read more: Bitcoin Analysts Unveil Key Reasons BTC Price Has Failed to Break Above $72k
Pepe Coin has recorded 14 green days out of the last 30 (47%), with a price volatility of 19.13%. Based on the Pepe Coin forecast, Coincodex suggests that now may not be the best time to buy Pepe Coin.
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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