Ethereum

Pepe

<p>The post <a href="https://coinpedia.org/price-analysis/ethereum-memecoins-bleed-will-pepe-floki-pump-or-dump-this-september/">Ethereum Memecoins Bleed! Will Pepe &amp; Floki Pump Or Dump This September?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the cryptocurrency market constantly failing to regain momentum, top tokens are hovering close to their crucial support levels. Following their footsteps, top memecoins have recorded massive price plunges in a short time frame.</p> 
<p>Scroll down as, in this article, we have covered the market sentiments, and potential short-term price targets for Pepe ($PEPE) and Floki ($FLOKI) meme coins.</p> 
<h2 class="wp-block-heading" id="h-pepe-price-records-consolidated-price-action">Pepe Price Records Consolidated Price Action</h2> 
<p>After trading under a bullish sentiment for 3 months, the Pepe meme coin recorded a new All-time High (ATH) of $0.00001718. However, since then, this memecoin has been constantly trading under a bearish sentiment. This has resulted in it trading at a discount of 54.51% from its high.</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1432" height="757" src="https://image.coinpedia.org/wp-content/uploads/2024/08/30192743/image-592.png" alt="Pepe Price Analysis 30th Aug 2024" class="wp-image-344958" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/30192743/image-592.png 1432w, https://image.coinpedia.org/wp-content/uploads/2024/08/30192743/image-592-300x159.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/30192743/image-592-1024x541.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/30192743/image-592-768x406.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/30192743/image-592-150x79.png 150w" sizes="(max-width: 1432px) 100vw, 1432px">
</figure> 
<p>The technical indicator, MACD has displayed a constant decline in its green histogram with its averages recording a potential bearish convergence. This indicates a negative outlook for the Pepe coin price during the upcoming week.</p> 
<p>If the market regains momentum, <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noreferrer noopener">Pepe price</a> could break out of its $0.00000880 level and prepare to test its resistance trendline of the descending channel pattern. Conversely, bearish price action could pull the price of PEPE toward its low of $0.00000625.</p> 
<h2 class="wp-block-heading" id="h-floki-memecoin-fails-to-breach-its-resistance-trendline">Floki Memecoin Fails to Breach Its Resistance Trendline</h2> 
<p>With a potential situation of insider trading, the price of the Floki crypto token has recorded a drop of 18.28% within the past day with a trading volume of $548.83 Million. Moreover, it has plunged 23.89% during the past month. This indicates a rising bearish sentiment for it in the market.</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1437" height="756" src="https://image.coinpedia.org/wp-content/uploads/2024/08/30192742/image-591.png" alt="Floki Price Analysis 30th Aug 2024" class="wp-image-344957" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/30192742/image-591.png 1437w, https://image.coinpedia.org/wp-content/uploads/2024/08/30192742/image-591-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/30192742/image-591-1024x539.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/30192742/image-591-768x404.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/30192742/image-591-150x79.png 150w" sizes="(max-width: 1437px) 100vw, 1437px">
</figure> 
<p>The Relative Strength Index (RSI) has recorded a sharp plunge below its overbought range in the 1D time frame. Furthermore, the average trendline experiences a bearish convergence, suggesting that the meme coin may continue losing value during the upcoming week.</p> 
<p>Suppose, a bullish reversal occurs, in that case, the <a href="https://coinpedia.org/price-prediction/floki-price-prediction/" target="_blank" rel="noreferrer noopener">FLOKI price</a> will retest its upper level of $0.000155 in the coming time. On the flip side, if the bears continue to dominate the crypto space, this altcoin could plunge toward its low of $0.000101.</p>

Ethereum Memecoins Bleed! Will Pepe & Floki Pump Or Dump This September?

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