Ethereum

Pepe

<p>The post <a href="https://coinpedia.org/price-analysis/ethereum-memecoins-plunge-will-floki-and-pepe-bounceback-this-week/" rel="noopener noreferrer nofollow">Ethereum Memecoins Plunge! Will Floki and Pepe Bounceback This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The memecoin category has started this week on a bearish note, indicating an increase in the selling pressure. Moreover, top meme coins have displayed a negative trend for the second consecutive day. This highlights a high possibility of a bearish action this week.</p>
<p>Dive in as, in this article, we have uncovered the price mysteries and short-lived targets of <a href="https://markets.coinpedia.org/pepe/" rel="noopener noreferrer nofollow">Pepe</a> (PEPE) and <a href="https://markets.coinpedia.org/floki/" rel="noopener noreferrer nofollow">Floki</a> (FLOKI) meme coins for September.</p>
<h2 class="wp-block-heading" id="h-pepe-coin-price-records-a-bearish-reversal">Pepe Coin Price Records a Bearish Reversal:</h2>
<p>The <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" rel="noopener noreferrer nofollow">Pepecoin price</a> has recorded a plunge of 9.69% in the past day, with a trading volume of $628.63 million. Furthermore, it has lost 30.89% during the past month, despite adding approximately 3% over the past week. With a market cap of $3.472 billion, the Pepe token is the 3rd most veiled memecoin.</p>
<figure class="wp-block-image"><img decoding="async" width="1431" height="756" src="https://image.coinpedia.org/wp-content/uploads/2024/08/27181210/image-485.png" alt="Pepe Price Analysis 27th Aug 2024" class="wp-image-343284" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/27181210/image-485.png 1431w, https://image.coinpedia.org/wp-content/uploads/2024/08/27181210/image-485-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/27181210/image-485-1024x541.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/27181210/image-485-768x406.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/27181210/image-485-150x79.png 150w" sizes="(max-width: 1431px) 100vw, 1431px">
</figure>
<p>The technical indicator MACD has recorded a sharp plunge in the green histogram, with its averages displaying a similar trend. Further, the SMA is on the verge of experiencing a negative crossover. This highlights the bearish influence of this meme coin in the crypto market.</p>
<p>Maintaining the price above its important resistance level will set the stage for the Pepe price to head toward its upper resistance level of $0.00001150. On the flip side, if the bears continue to dominate the bulls, this memecoin will retest its low of $0.00000625.</p>
<h2 class="wp-block-heading" id="h-floki-memecoin-on-the-verge-of-testing-its-important-resistance-level">Floki Memecoin On The Verge Of Testing Its Important Resistance Level</h2>
<p>The <a href="https://coinpedia.org/price-prediction/floki-price-prediction/" rel="noopener noreferrer nofollow">Floki price</a> has continued to display a mixed sentiment, dropping approximately 1% in the past day and 13.97% over the past month. Notably, the price has increased by approximately 20% during the past week. This highlights a potential bullish bounceback in a shorter time frame.</p>
<figure class="wp-block-image"><img decoding="async" width="1433" height="755" src="https://image.coinpedia.org/wp-content/uploads/2024/08/27181209/image-484.png" alt="FLOKI Price Analysis 27th Aug 2024" class="wp-image-343283" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/27181209/image-484.png 1433w, https://image.coinpedia.org/wp-content/uploads/2024/08/27181209/image-484-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/27181209/image-484-1024x540.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/27181209/image-484-768x405.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/27181209/image-484-150x79.png 150w" sizes="(max-width: 1433px) 100vw, 1433px">
</figure>
<p>The EMA 50/200-day shows a constant flatline below the price chart in the 1D time frame. However, the Relative Strength Index (RSI) shows an uptrend toward the overbought range. This suggests a mixed price sentiment for the Floki price.</p>
<p>If the market pushes this meme coin above its $0.000155 level, the bulls will regain momentum and prepare to test its upper resistance level of $0.00021435 during the upcoming weeks. Conversely, a bearish action could result in it plunging toward its low of $0.00010190.</p>

Ethereum Memecoins Plunge! Will Floki and Pepe Bounceback This Week?

Table of Contents

CoinPedia News

Other articles published on Aug 27, 2024

[NEOPIN 3.0 Guide] Liquid staking(APP)

Artificial Superintelligence Alliance Price Prediction: FET Soars 9% As Top Traders Buy This 2.0 ...

Okto Wallet by CoinDCX Becomes First Web3 Wallet Licensed by RAK DAO

Top Analyst Predicts XRP Price to $1.2 By Next Week

What Is the Recently Funded Bolt Protocol?

Will the real WazirX owner please stand up?

Join our free newsletter for daily crypto updates!