Bitcoin price surpassed $70,000 with positive JOLTS (US Job Openings) data. Investors hopeful for June have many valid reasons. Both the ETH ETF launch and the potential end of the long consolidation period could create new opportunities in altcoins. Which meme coins might bring gains this month?
Super Trump (STRUMP)
PolitFi is emerging, and altcoins in this category could offer significant gains amid the upcoming November elections. First on the list is a meme coin attributed to TRUMP. Super Trump is trading at $0.025 and had nearly quadrupled last week.
Technical analysis confirms strong investor demand. The Relative Strength Index (RSI) is at 82.87, while the Money Flow Index (MFI) is above 78.4. This reflects the strength of buyer pressure. As long as the RSI stays above 70, STRUMP Token price could rise further.
If quick profit-taking begins, the meme coin’s price could drop to $0.019. The key point to watch is when strong demand reverses. In a bullish scenario, the target is $0.031.
Pepe (PEPE)
Constant new highs and constant demand must balance at some point. Investors need to start profit-taking. PEPE Coin price, which increased by 63% in 30 days, has not yet seen profit-taking. Moreover, MACD data still avoids giving a bearish signal. The blue line is above the orange, considered an exit signal from short positions.
Chaikin Money Flow (CMF) also supports the upward trend with strong liquidity inflow reports. Positive CMF is at 0.33, indicating cash inflows into PEPE Coin are still dominant. If PEPE Coin investors continue to hold strong, we could see a new peak above the previous high of $0.0000171.
However, as mentioned earlier, rises do not continue indefinitely, and investors starting profit-taking could trigger a new downward movement to $0.000012 and below.
