The post Memecoins Break Out as Bitcoin Surges—Should You be Optimistic on Fartcoin, Pepe & FLOKI? appeared first on Coinpedia Fintech News
The market sentiments, specifically with the memecoins, have been witnessing quick shifts, following the BTC price rally. Moreover, they attract more bullish and bearish activity compared to Bitcoin, keeping the next price action shady. Currently, the popular memecoins like Pepe, Fartcoin, FLOKI, etc., and a few more have been demonstrating significant strength. But the question remains whether the rise is short-lived.
Fartcoin (FARTCOIN) Price Analysis
The FARTCOIN price is undergoing a parabolic recovery since the start of March but has been failing to surpass the crucial resistance at $0.98 since the start of the month
The volume has dropped significantly which has drag the volatility lower, preventing the price from rising above the pivotal resistance
The MACD was about to undergo a bearish crossover but the MACD line is trying hard to rise above the Signal line, as the bulls regain strength
On the other hand, the +Di & -Di have diverged, which were heading for a bearish crossover, flashing bullish possibilities
The technicals are turning bullish but as long as the volume remains drained, the FARTCOIN price may continue to consolidate around $0.9.
Pepe (PEPE) Price Analysis
The PEPE price has rebounded from the local bottoms for the second consecutive time, forming a double-bottom pattern
Despite a drop in the volume, the buyers remain dominant, keeping the bullish possibilities alive
The RSI is approaching the crucial barrier and may even surpass for the first time this year, which is believed to elevate the levels above the bearish range
On the other hand, the MACD, which is bullish is about to rise into the positive range, substantiating the bullish claim
Therefore, the PEPE price is believed to keep rising and reach the crucial resistance zone between $0.00000878 and $0.0000090. A breakout out from here may pave way for the token to squash a zero from it’s value
FLOKI Price Analysis
The FLOKI price had dropped below the descending parallel channel and had formed another parallel channel; however, the recent rise has elevated the levels within the upper channel
The Bollinger bands have begun to go parallel, suggesting a drop in the volatility, which may result in a squeeze and, in turn, a bullish breakout
Meanwhile, the RSI is rising and is trying to surpass the average zone, which could push the price close to the resistance at $0.0000068
Therefore, the FLOKI price appears to be self-assured of maintaining a strong ascending trend and reaching $0.00001 soon