2024-6-30 18:15

AltFINS, a crypto analytics firm posted an analysis on the price trajectory of Pepe and Floki. Based on the post, Floki’s directions remaind in a downtrend in the short and medium term, while PEPE looks ready to move up. The next paragraphs will explain their outlook on these cryptos

FLOKI: Mixed Signals Amidst Long-Term Uptrend

FLOKI’s price action presents a complex picture, with mixed trends across different time frames. While the short and medium-term trends are bearish, the long-term uptrend remains intact, offering a glimmer of hope for FLOKI enthusiasts.

Source: altFINS – Start using it today

Key Points:

Recent Achievements: FLOKI recently broke above its previous all-time high of $0.000316, establishing a new higher high – a classic sign of an uptrend. Potential Entry Point: A pullback near the $0.00014 support level could present a swing trade opportunity, with a possible 30% upside to $0.00019. Momentum Shift: The MACD Histogram is rising, suggesting a potential bullish inflection in momentum. Risk Management: Traders might consider setting a stop loss at $0.000125, just below the 200-day moving average. .rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}

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The current price action fits the “Pullback in Uptrend” pattern, which could offer a “buying the dip” opportunity for those bullish on FLOKI. However, traders should exercise caution and look for price stabilization at key support levels before entering positions.

Support and Resistance Levels:

Based on the analysis, the next support level is $0.00014 and if that does not hold the price could drop to $0.00011. The next resistance levels stand at $0.00019 and $0.00027.

PEPE: Bullish Breakout Signals Potential Rally

In contrast to FLOKI’s mixed signals, PEPE appears to be positioning itself for a potential bullish rally, according to AltFINS analysis.

Source: altFINS – Start using it today

Key Points:

Bullish Breakout: PEPE has recently broken out of a Bullish Flag pattern, typically a signal for the resumption of an uptrend. Upside Potential: The analysis suggests possible targets of $0.000013 (+11%) or even $0.000015 (+28%). Risk Management: A suggested stop loss is set at $0.0000103. Momentum: While bullish, momentum may be nearing a peak, as indicated by declining MACD Histogram bars.

The Bullish Flag pattern is considered one of the more reliable continuation patterns in technical analysis. It often forms after a sharp advance and can indicate a brief consolidation before the previous trend resumes.

Based on the analysis, the price is on a bullish trajectory in the short and long term with the next support around $0.0000091 and resistance at $0.000013 and $0.00001.

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The post FLOKI Meme Coin Presents a Buy the Dip Opportunity While PEPE Could Spike 28%: Price Outlook and Key Levels to Watch appeared first on CaptainAltcoin.

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