Meme Coin Price Predictions: FLOKI and PEPE
Crypto analyst Alex Clay has identified potential bullish patterns for two popular meme coins, FLOKI and PEPE. Clay’s analysis suggests that both tokens could be poised for price increases.
FLOKI Forms Bullish Flag
Clay’s analysis indicates that FLOKI is forming a bullish flag pattern, a technical indicator that often suggests a continuation of an upward trend. This pattern is forming just below the token’s all-time high resistance level. Clay has set three potential price targets for FLOKI: $0.00064100, $0.00096150, and $0.00128190.
PEPE’s Ascending Triangle
Clay believes PEPE is currently re-accumulating inside an ascending triangle on the weekly chart, another bullish pattern. He recommends entering the market at the current level and potentially adding to positions at the breakout point of the triangle, suggesting a “not much risk” strategy. Clay has set three price targets for PEPE: $0.0000287, $0.0000417, and $0.0000547.
Both FLOKI and PEPE have seen recent price movements that seem to support Clay’s predictions. FLOKI is currently trading at $0.0001887, with a 7.15% increase in the past day and a 25.38% increase over the past week. PEPE is currently trading at $0.000012, showing a 6.89% increase in the last day and a 30.35% surge over the past week.
These price movements, coupled with substantial trading volumes for both tokens, lend credence to Clay’s analysis. It remains to be seen if the predicted bullish patterns will play out as expected.
