Meme coin prices rose over the weekend, as investors bought up the coins amid the current greedy sentiment. The price of Pepe rose over 20% while the prices for other coins like Floki Dogwifhat Bonk and Popcat also increased by double digits. Will these coins do well for the next few weeks?
Pepe Price Forecast
Pepe, third largest meme coin, made an impressive performance over the weekend. It had a bullish breakout. The coin reached a new record of $0.00002685.
It was crucial to move up that level because the price crossed an important resistance at $0.00002567. This level reached its highest on November 14, 2014. The double top pattern was invalidated. Its neckline was $0.00001730. This price was just a few points below the Fibonacci retracement of 38.2%.
Pepe is still above both the Exponential Moving Avg. (EMA) of 50 and 100 days. It is also worth noting that oscillators such as the Relative Strength Index and MACD all point upwards. The cup-and-handle pattern is a bullish symbol.
The coin is therefore bullish. Next, we need to pay attention at $0.000035. Stop-loss for this trade is at the 23,6% retracement at $0.0000210.
TradingView PEPE Chart
Price analysis of Floki
FLOKI has performed well over the last few weeks, as the daily chart shows. The coin, which had a low of $0.00009857 at the end of August, has now risen to $0.00026. This is its highest value since November 23, 2011.
Floki is back up above $0.00021. This was its biggest swing since July 22, and it’s neckline for a double top pattern. The 50-day Exponential Moving Averages crossed the 200-day EMA to form a gold cross.
The golden cross pattern is one of most bullish market patterns. The MACD, RSI and CCI have also all been pointing upwards. Also, the coin is a few point below the 23,6% retracement level.
In this situation, more gains are confirmed if coin rises over the resistance level of $0.00028. This is the upper part of the double top. This will result in more gains up to $0.0003478.
Price analysis of Dogwifhat
WIF, which is the largest meme coin within Solana’s ecosystem, did well in this year, as its value jumped over 4,200% since January. The market capitalization of WIF has increased to $3.8 billion.
The Dogwifhat’s price shot up to $4 as meme coins gained momentum. The price has risen above key support levels of $2.87. (upper part of cup and handle).
WIF’s price is now above Ichimoku clouds, and all oscillators are pointing upwards. The coin is likely to continue its upward trend as bulls aim for the next level at $4.73 – the highest point in November.
TradingView WIF Chart
The post Crypto Price Predictions: Pepe, Floki and Dogwifhat could be updated as new information becomes available.
