Pepe Coin

Memecoin

Crypto Price Prediction: February witnessed one of the most remarkable monthly market cap gains in the history of cryptocurrency, sparking a shift in discussions towards price-related topics, with a significant focus on <a href="https://coingape.com/bitcoin-news-coinbase-clo-paul-grewal-lauds-doe-swift-rectification-in-eia-case/">Bitcoin</a>, AI tokens, and $PEPE. As per the crypto analytics for Santiment, this surge in interest and investment has brought about speculations that the markets might experience a period of stabilization or flattening after such explosive growth. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5e3.png" alt="🗣" class="wp-smiley" style="height: 1em; max-height: 1em;"> Following an explosive February full of some of the biggest monthly market cap gains in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a>'s history, discussions have increasingly moved toward price-related topics. Mainly, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>, <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw">#AI</a> tokens, &amp; <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a>. Markets can flatten for a bit as a result. <a href="https://t.co/tGVlwfH9qD">https://t.co/tGVlwfH9qD</a> <a href="https://t.co/K9qYlXa2zr">pic.twitter.com/K9qYlXa2zr</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1763668311613825335?ref_src=twsrc%5Etfw">March 1, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The cryptocurrency market has taken a halt from its aggressive recovery in mid-week as Bitcoin price tops at $64000. While the new overhead supply has impacted the majority of the major coins, the Memecoin sectors have witnessed a massive inflow uplifting the popular assets, like Dogecoin (DOGE), Shiba Inu(SHIB), Pepe Coin(PEPE), Floki, etc. 
Also Read: <a href="https://coingape.com/crypto-prices-today-bitcoin-at-62k-ethereum-above-3400-as-shib-pepe-surge-over-50/">Crypto Prices Today: Bitcoin At 62K, Ethereum Above $3400 As SHIB &amp; PEPE Surge Over 50%</a> 
<h2 id="b-bullish-momentum-builds-for-dogecoin-as-open-interest-doubles-b">Bullish Momentum Builds for Dogecoin as Open Interest Doubles</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/l/LEFn7yZb.png" alt="BINANCE:DOGEUSDT Chart " width="1946" height="893">
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 Dogecoin| Tradingview
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</figure> 
Amid the broader crypto market rally, the <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> gave a decisive breakout from the symmetrical triangle pattern, on February 28th. This breakout projects a clear sign that buyers are starting to dominate the market for this asset. 
According to data from Coinglass, Dogecoin Futures Open Interest witnessed a remarkable increase in just two weeks. The OI value soared from $533 million to an astounding $1.2 billion, marking a 125% increase that reflects growing investor enthusiasm and commitment to Dogecoin. 
<figure id="attachment_183730" aria-describedby="caption-attachment-183730" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-183730" src="https://coingape.com/wp-content/uploads/2024/03/image_2024-03-02_18-05-57.png" alt="DOGE Futures Open Interest (USD)" width="1698" height="480" srcset="https://coingape.com/wp-content/uploads/2024/03/image_2024-03-02_18-05-57.png 1698w, https://coingape.com/wp-content/uploads/2024/03/image_2024-03-02_18-05-57-300x85.png 300w, https://coingape.com/wp-content/uploads/2024/03/image_2024-03-02_18-05-57-1224x346.png 1224w, https://coingape.com/wp-content/uploads/2024/03/image_2024-03-02_18-05-57-768x217.png 768w, https://coingape.com/wp-content/uploads/2024/03/image_2024-03-02_18-05-57-1536x434.png 1536w, https://coingape.com/wp-content/uploads/2024/03/image_2024-03-02_18-05-57-150x42.png 150w" sizes="(max-width: 1698px) 100vw, 1698px">
 <figcaption id="caption-attachment-183730" class="wp-caption-text">
 DOGE Futures Open Interest| Coinglass
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Currently, the <a href="https://coingape.com/dogecoin-whales-shift-276m-doge-sparking-speculation-1-rally-hits-a-wall/">DOGE</a> is trading at $0.143, after testing the resistance at $0.15. This level has introduced some selling pressure, potentially leading to a slight retracement to the support level at $0.135.&nbsp; 
However, if Dogecoin maintains its momentum beyond this breakout, it’s poised to reach a target of $0.18, as predicted by the symmetrical triangle pattern. 
Also Read: <a href="https://coingape.com/markets/dogecoin-price-prediction-doge-exits-22-months-accumulation/">Dogecoin Price Prediction As $DOGE Exits From 22-Month Accumulation</a> 
<h2 id="b-bullish-pattern-signal-a-major-trend-reversal-in-pepe-coin-b">Bullish Pattern Signal a Major Trend Reversal In Pepe Coin</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/x/X1dlxD4A.png" alt="OKX:PEPEUSDT Chart " width="1946" height="893">
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 Pepe Coin| Tradingview
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Since late February, <a href="https://coingape.com/trending/pepe-coin-pepe-price-shoots-260-in-a-week-more-steam-left/">Pepe</a>, the meme coin inspired by the frog theme, has embarked on an upright rally, bouncing back from a low of $0.00000115. This upward trajectory has resulted in an impressive 280% increase in its price, now trading at $0.00000435.&nbsp; 
Analyzing the daily chart reveals that this rally is forming a classic bullish reversal pattern known as a rounding bottom. This pattern signifies a prolonged period of accumulation, marking a smooth transition from a bearish to a bullish trend. 
With the <a href="https://coingape.com/price/pepe-coin/">Pepe coin price</a> achieving an 11.53% gain today, it is teasing a critical breakout point at the $0.00000448 neckline resistance. Should this breakout occur, it could significantly boost buying momentum, setting the stage for Pepe to reach a potential price target of $0.00000836. 
Also Read: <a href="https://coingape.com/markets/pepe-coin-17-rally-sparks-bullish-excitement-time-to-buy-dog-themed-meme-coins/">Pepe Coin 17% Rally Sparks Bullish Excitement, Time To Buy Dog-Themed Meme Coins?</a> 
<h2 id="b-key-support-levels-to-watch-if-floki-price-enters-new-correction-b">Key Support Levels to Watch If Floki Price Enters New Correction</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/p/Pa9maZx4.png" alt="BINANCE:FLOKIUSDT Chart Image by sahilmahadik07" width="1946" height="893">
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 Floki Price| Tradingview
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Within a month, the <a href="https://coingape.com/floki-meme-coin-reasons-why-floki-price-soars-100/">Floki coin</a> witnessed parabolic growth with its price rallying from $0.000027 to $0.000117, registering 338% growth. This upward trajectory gave a decisive breakout from the resistance trendline of a symmetrical triangle pattern, signaling the end of a long accumulation phase. 
However, the <a href="https://coingape.com/price/floki-inu/">Floki price</a> experienced a fresh supply pressure at $0.000131 evidenced by the long wick rejection in the daily chart. This resistance may trigger a minor pullback as a massive price hike is often followed by such retracement to recuperate exhausted bullish momentum. 
The anticipated correction may find suitable support at $0.000107 and $0.0000992, offering traders a new dip opportunity. 
The post <a href="https://coingape.com/markets/doge-pepe-floki-price-prediction-crypto-market-memecoin/">DOGE, PEPE, FLOKI Price Prediction as Crypto Market Sees Memecoin Euphoria</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

DOGE, PEPE, FLOKI Price Prediction as Crypto Market Sees Memecoin Euphoria

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