As the meme coin industry signals the start of a new altcoin season, the top performing meme coins are showing no signs of decline. Moreover, with the price of Bitcoin surpassing $65,000, the industry is on the verge of hitting a new all-time high.
As investors prepare for the Memcoin rally, let’s take a closer look at the price chart for a deeper analysis.
Could PEPE prices rise 50% this week?
An astronomical jump of 331% last week saw the PEPE price trend trading at all-time highs, resulting in one of the largest and fastest trend reversals in history. Weakening the previous bearish phase and increasing volume above the previous high reinforce the bullish phase.
Source- TradingView
Currently, MEM Coin is trading at $0.00000736988, up 24% intraday and continuing its strong performance. This increased buying pressure led to a 144% increase in trading volume over 24 hours, reaching $3.25 billion.
As per Fibonacci and pivot levels, bulls challenge the 1.618 Fib level at $0.00001146 as the next target.
Will FLOKI price maintain momentum reaching $0.00020?
The FLOKI price trend breaking the ascending triangle pattern shows a huge breakout rally. Meme Coin, which rose nearly 300% last week, is on the rise and maintaining momentum.
Currently, FLOKI price is trading at $0.00016, up 12.73% intraday. We are making a series of green candles.
Source- TradingView
Placing the Fibonacci levels above the recent weekly candles makes the 1.618 Fibonacci level at $0.00021 and the 2.618 Fib level at $0.00032 the next potential targets.