Crypto currency world’s colorful figure Pepe (PEPE) has been exhibiting a dazzling performance lately. The awakening among meme coins has propelled the price of the meme coin Pepe by an impressive 11% increase to its peak. This rise has created excitement among investors who keep their finger on the pulse of the crypto world.
What to Expect for Meme Coin PEPE’s Price?
A recent breakout and a close above $0.00000937 are considered strong signals that the upward trend for meme coin Pepe will continue. However, investors should be cautious as the crypto market is highly volatile and unpredictable.
Technical analysts believe that Pepe’s recent surge could just be the start and may lead to even bigger surprises. If history repeats itself, other meme coins like FLOKI could follow Pepe’s lead and become some of the highest earners in the sector. This situation once again demonstrates the constantly changing nature of the crypto world.
Will PEPE’s Price Increase Lead to a Rise in FLOKI?
Crypto markets have been experiencing significant activity lately. Especially, the meme coin PEPE price increased by 11% influenced by the rise in BTC price. This increase resulted in a technical formation known as a falling wedge pattern, indicating a reversal of the recent downward trend in the token’s price movements.
Currently, whether the significant increase in Pepe’s price will continue seems to be dependent on the performance of crypto currency BTC‘s price. If BTC price maintains its current gains, the meme coin PEPE price could rise from $0.00000874 to $0.00001003. A breakout and close above the middle line would confirm the continuation of this upward trend.
What Do the Metrics Say?
The Relative Strength Index (RSI) and Awesome Oscillator are moving upwards, indicating rising momentum. This suggests that the rise in Pepe’s price is strong. However, Pepe’s price movement may continue based on the strength indicators of BTC, the flagship of crypto currencies.
Lastly, if the supply zone continues to act as a resistance order block, the meme coin PEPE price could experience a correction towards the $0.00000581 support level.
