The post Memecoins Break Out as Bitcoin Surges—Should You be Optimistic on Fartcoin, Pepe & FLOKI ($0.00)? appeared first on Coinpedia Fintech News

The market sentiments, specifically with the memecoins, have been witnessing quick shifts, following the BTC ($94,315.00) price rally. Moreover, they attract more bullish and bearish activity compared to Bitcoin, keeping the next price action shady. Currently, the popular memecoins like Pepe, Fartcoin, FLOKI, etc., and a few more have been demonstrating significant strength. But the question remains whether the rise is short-lived.

Fartcoin (FARTCOIN) Price Analysis

• The FARTCOIN price is undergoing a parabolic recovery since the start of March but has been failing to surpass the crucial resistance at $0.98 since the start of the month

• The volume has dropped significantly which has drag the volatility lower, preventing the price from rising above the pivotal resistance

• The MACD was about to undergo a bearish crossover but the MACD line is trying hard to rise above the Signal line, as the bulls regain strength

• On the other hand, the +Di & -Di have diverged, which were heading for a bearish crossover, flashing bullish possibilities

• The technicals are turning bullish but as long as the volume remains drained, the FARTCOIN price may continue to consolidate around $0.9.

Pepe (PEPE ($0.00)) Price Analysis

• The PEPE price has rebounded from the local bottoms for the second consecutive time, forming a double-bottom pattern

• Despite a drop in the volume, the buyers remain dominant, keeping the bullish possibilities alive

• The RSI is approaching the crucial barrier and may even surpass for the first time this year, which is believed to elevate the levels above the bearish range

• On the other hand, the MACD, which is bullish is about to rise into the positive range, substantiating the bullish claim

• Therefore, the PEPE price is believed to keep rising and reach the crucial resistance zone between $0.00000878 and $0.0000090. A breakout out from here may pave way for the token to squash a zero from it’s value

FLOKI Price Analysis

• The FLOKI price had dropped below the descending parallel channel and had formed another parallel channel; however, the recent rise has elevated the levels within the upper channel

• The Bollinger bands have begun to go parallel, suggesting a drop in the volatility, which may result in a squeeze and, in turn, a bullish breakout

• Meanwhile, the RSI is rising and is trying to surpass the average zone, which could push the price close to the resistance at $0.0000068

• Therefore, the FLOKI price appears to be self-assured of maintaining a strong ascending trend and reaching $0.00001 soon