It was something we haven’t seen in a long time. Memecoins with large market values are on the rise again. This development, which indicates an increase in risk appetite, also increased the hopes of those who expected a return from the bottom in the market. While Bitcoin maintained 91 thousand dollars, Phoenix shared his prediction for FLOKI Coin.
FLOKI Coin Rise
2 days ago FLOKI Coin Stating that its rise will accelerate, Phoenix has almost reached its first price target. In his assessment shared today, he said that the rally will continue. The bullish EMA cross on the four-hour chart is nearing completion. This signal, which is extremely bullish for the coming weeks or even months, says that the price may increase several times. Of course, cryptocurrencies are full of surprises and the price may go in the opposite direction with sudden developments.
If Phoenix is right, we can see a zero erased from the FLOKI price again as the second resistance point is exceeded.
PEPE and SHIB Analysis
Beyond ETH price recovery PEPE Coin managed to differentiate positively from the general market. It rose so quickly in the last three days that it reached its level at the end of October and erased all its losses in recent months. We have previously talked about the importance of closings above $0.00000559. The level to watch now is the $0.00000670 support and if the bulls can maintain this level, $0.0000089 can be reclaimed.
PEPE, which increased by nearly 80 percent in three days, disappointed investors who sold at a loss in the last 2 months. One of the reasons for the acceleration of the rally is the concern of those who sell at a loss, “not to miss the rise.” We can talk about a real return from the bottom, as these chart structures, which are motivating for January and the prices that have been falling for months, suddenly cleared the losses, started to form in other altcoins as well.
Major reasons for BTC rise memecoins It’s a great detail to follow. SHIB price has increased by nearly 30% in the last 3 days. SHIB bulls, who gained the critical $0.00000829 support, have now confirmed the return from the bottom. In the next period, closings above $0.00000883 will be expected to continue and a return to the upward base of $0.00001149 will be expected. Once the second important support point is also gained, the target is the bull resistance at $0.0000160. Over the weekend, altcoins are progressing exactly as we expected and investors are smiling for now.
