As Bitcoin price reclaimed the critical resistance zone of $63,800, the market, especially memecoins, turned extremely bullish. After BTC price surged from the consolidation zone below $60,000, the top memecoin failed to show its strength, which left market participants uncertain and angry as PEPE price failed to reclaim $0.00001.
VX:ZLH1156
However, with the latest price action, FLOKI prices have rebounded significantly and are leading the day’s best performing commodities. Here’s what to expect from Pepe, FLOKI, and dogwifhat prices this week.
PEPE
Pepe’s price, which had been trading in a tight range just below $0.00001 for nearly a week, has sparked a strong rally after accumulating a lot of strength. With this, the coin has moved back into the bullish range, aiming to maintain a significant uptrend to $0.000015. However, a bearish cloud is also hanging over the rally, which could hamper its progress.
Although the price has entered an ascending parallel channel, fears of a pullback still plague the rally as it has reached the upper Bollinger Band level. Moreover, the RSI is close to entering the overbought zone. However, the lower support of the channel is likely to provide a strong base that may help the bulls to carry the level above $0.00001325. Therefore, the PEPE price rebound is within the bullish range and it may reach $0.000015 in the next bullish move.
FLOKI
The recent bounce off lows ended a month-long bearish trend that started with a pullback from levels above $0.0003. The bulls have resumed a strong uptrend as the price attempts to break out of the $0.0001919 resistance level after consolidating the $0.00016 level. The technical picture has turned bullish, so FLOKI price is expected to maintain strong gains and achieve upside targets above $0.0002.
Ever since FLOKI price hit a new high, the coin has been trading in the predetermined range. The super trend has turned bullish, and the bulls have regained the dominant position. Therefore, the price is expected to maintain a healthy uptrend and move into the upper resistance zone between $0.000244 and $0.000251 without any major interruptions. However, after reaching these levels, the coin may soon form new highs close to $0.0004.
WIF
Slightly different from other top-traded memecoins, WIF price is expected to remain sideways as bulls seem to be lagging behind. After a sharp rise from lows around $1.51, the price made a landmark rise inside the resistance zone between $2.15 and $2.27. As bulls seem to be weaker at the moment, the price is expected to consolidate inside these levels.
WIF price continues to be under bearish influence as the technical picture remains neutral despite a 25% rally. The On Balance Volume (OBV) has again turned up from lows but could not rise above the average level. The horizontal decline certainly does not indicate a pullback as the MACD shows a slight uptick in buying volume. Therefore, the price is expected to hover around the resistance zone until the next bullish push horizontally to the downtrend line.
Once these levels are cleared, dogwifhat price is expected to maintain a strong uptrend to reach the overhead resistance zone.
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