Pepe Coin

Pepe

Resistance

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/altcoin/pepe-coin-and-floki-inu-break-monthly-resistance-with-support-from-whales-and-increased-profitability/">Pepe Coin And Floki Inu Break Monthly Resistance With Support From Whales And Increased Profitability</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>In the past two days, memecoins have seen a surge in buying activity, riding on Bitcoin’s bullish wave as it reignited the ‘Uptober’ movement by reaching $35K. Notably, on-chain data indicates a significant increase in whale investor activity around Floki Inu and Pepe coin, with both experiencing increased price volatility after surpassing key monthly resistance levels. Nonetheless, there’s a concern regarding a potential selloff by these investors, seeking profitable exits during any trend reversal.&nbsp;</p>
<h2 class="wp-block-heading" id="h-memecoins-rise-as-btc-price-hits-35k">Memecoins Rise As BTC Price Hits $35K</h2>
<p>Over the last day, both Pepe coin and Floki Inu have experienced an upward sentiment exceeding 20% due to a comeback in purchasing power. <a href="https://coinpedia.org/price-analysis/pepe-coin-outperforms-doge-and-shib-price-by-surging-over-50/" rel="noopener noreferrer nofollow">Pepe’s uptick</a> was significantly accelerated by the recent elimination of 6.9 trillion coins, bringing additional upward pressure on its value. IntoTheBlock data indicates that Pepe is still undergoing a boom in large-scale transactions, with the value skyrocketing from $10.4 million to a substantial $40 million.</p>
<p>Conversely, Floki Inu is witnessing declining attention from significant stakeholders as transactions see a downtrend subsequent to its recent rejection. Data states a sharp fall from $5.6 million to just $1.5 million within 24 hours, pointing towards an intensifying sell-off initiated by whales.&nbsp;</p>
<h3 class="wp-block-heading" id="pepe-coin-price-analysis">Pepe Coin Price Analysis</h3>
<p>Pepe surged past the moving averages recently and is currently holding momentum above the monthly resistance line of $0.0000017. Bulls have intensified their demand, and Pepe is set to witness another rally in the coming hours. As of writing, Pepe trades at $0.00000119, surging over 25% from yesterday’s rate.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/4TMfZbpAdVCLSiHl4H4FcE0kcAIvj_MmGJU5Jy4yd5ddElrT35mAEokcrw67m_eZfWR9Z8JP_KCQOMnqKC9K-qskf7zYUM8GKUl41g6UyVhURmgauj7ChugDPc5GXUkMPo9wFHrNH9Txke7U1Aob5I4" alt="">
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<p>The 20-day EMA, now at $0.0000009, is beginning to climb, with the RSI heading through the overbought region. These indicators suggest a weakening bearish hold. The Pepe price has the potential to climb to $0.0000019, at which point the bears will likely attempt to stop further surges.</p>
<p>Should the bulls maintain their stance near this resistance, the chances of surging past $0.0000025 become more likely. This scenario sets the stage for a potential upswing towards new highs.&nbsp;</p>
<p>Conversely, a significant retreat from the $0.0000019 mark could indicate a bearish comeback and significant selloff.&nbsp;</p>
<h3 class="wp-block-heading" id="floki-inu-price-analysis">Floki Inu Price Analysis</h3>
<p>Floki Inu is currently witnessing a surge after bulls defended further decline from $0.00002445. Floki is attempting a bullish breakout as it surges above the fear zone. As of writing, Floki price trades at $0.000031, surging over 22% from yesterday’s rate.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/xjCZQ18X1waJXZQN5PeECy2Rm9ydGalBNkLLpnmA7cYlzk-UlDUjtrm1L8ICrEOSOQYnz8hbNHap3Cdqh8xRdoRWW6t5pdGRSODvVfUH51aVwwu36oE8dssGo_N2ix7v0O-Mc56cB5FM3OwgZ0akoGQ" alt="">
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<p>The bulls now aim to drive the price above $0.00003721. A surge above this level will take the memecoin to new highs in the coming days. With rising EMA lines and RSI levels, bulls now have the advantage.&nbsp;</p>
<p>However, the sentiment might soon shift as bears attempt for a decline below $0.00002. A decline below $0.000017 will begin intense selling pressure on the price chart.&nbsp;</p>

Pepe Coin And Floki Inu Break Monthly Resistance With Support From Whales And Increased Profitability

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