Ethereum

bullish

FLOKI

<a href="https://www.thecoinrepublic.com/price-prediction/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> ETFs officially launched on July 22, sparking bullish tailwinds across the crypto market, and the US elections are getting closer. The memecoin sector is utilizing the ETH chain, could receive a significant boost in the approaching months.
The overall meme coins market capitalization which is around $51.741 Billion grew by 4% in the last 24 hours.
Speculations that bullish catalysts like ETH spot ETFs inflows and Donald Trump’s Republican candidature for presidential elections could spark a major rally across the memecoin sector.&nbsp;
If the crypto whales’ preference in memecoins persists in the coming months, tokens including Pepe (PEPE), Maga (TRUMP), and Floki (FLOKI) are well-poised to gain ground ahead.
Here are the current angles of these 3 meme coins to keep an eye on:
<h2 class="wp-block-heading" id="h-pepe-bulls-could-target-a-new-all-time-high">PEPE: Bulls Could Target a New All-Time-High</h2>
Pepe (PEPE) has benefitted the most from Ethereum ETF’s bullish headwinds, as per the price action. Currently, PEPE consolidating within a tight-packed range, suggesting a potential breakout that could further propel its price. This range often precedes with significant price spikes, making it a crucial juncture to look at.
PEPE tested the crucial 50-day exponential moving average band and has been above the 200-day EMA for a prolonged span of time, which signals a strong uptrend. The RSI&nbsp; was 56.15 at press time, exhibiting a neutral to slightly bullish sentiment.
Meanwhile, the MACD indicated bullish signs from the past two weeks formed a golden cross with the MACD line crossing above the signal line. This shows a shift in the favor of the bulls.
PEPE might surge soon due to the positive crypto landscape’s atmosphere. This bullish sentiment has been fed by various political changes and developments such as Donald J. Trump’s declarations on America to form a global hub for cryptocurrency.&nbsp;
He further aimed to clear hurdles in doing so by firing SEC Chair Gary Gensler and naming a more crypto-friendly chief. Mainly, the political support enhances regulatory atmospheres and sentiments.
Thus, enabling innovation and growth within crypto verse is possible; hence, meme-tokens as PEPE benefit from it, too.
If <a href="https://www.thecoinrepublic.com/price-prediction/pepe/" rel="noopener noreferrer nofollow">PEPE </a>breaks above the immediate resistance at $0.0000130 with strong volume, it could trigger a bullish continuation spike. The next target would be $0.0000139, followed by potential new highs.&nbsp; 
<a href="https://in.tradingview.com/chart/PEPEUSD/38ULL3xD-Trump-s-declarations-on-America/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a> 
On the flip side, if PEPE fails to break the resistance and falls below the support at $0.0000111, it could lead to a retest of the $0.0000100 level. A break below this support could trigger further drop to the $0.0000080 level.
<h2 class="wp-block-heading" id="h-trump-campaigns-could-drive-a-rally-in-memecoins-ahead-trump-amp-floki">Trump Campaigns Could Drive a Rally in Memecoins Ahead (TRUMP &amp; FLOKI)</h2>
The daily chart shows that it has been clearer the optimism is high despite the bear’s pressure. The optimsim in relation to the name of Donald J Trump and Eth-spot-ETF could send flying other capable memes as well.
Where Floki (FLOKI) has surged from the demand zone and has formed a pullback, signifying a brief surge, which can intensify multifold once the catalyst comes into the market.
Likewise, Maga (TRUMP), solely influenced by Donald J. Trump, could rise once this nominee does something significant or, by the time, becomes an important authority. 
<a href="https://in.tradingview.com/chart/TRUMPUSDT/8lozm5Bf-Trump-Campaigns-Could-Drive-A-Rally-In-Memecoins-Ahead-TRUMP/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a> 
As of writing, TRUMP was approaching a critical trendline support on the daily chart. A big is expected ahead.
The post <a href="https://www.thecoinrepublic.com/2024/07/30/pepe-maga-floki-can-benefit-from-eth-etf-launch-heres-how/" rel="noopener noreferrer nofollow">PEPE, MAGA, FLOKI Can Benefit from ETH ETF Launch, Here’s How</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

PEPE, MAGA, FLOKI Can Benefit from ETH ETF Launch, Here’s How

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