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The price of Pepe is about to surge as meme currencies gain traction.
The awakening of meme currencies has coincided with an 11% increase in the price of Pepe.
The uptrend will be confirmed if it breaks and closes above $0.00000937.
Based on past performance, $FLOKI price has the potential to soar immediately after PEPE, making it the top gainer in the sector.
Following a display of strength in the price of Bitcoin (BTC), the Pepe (PEPE) price has joined the wider cryptocurrency community, reawakening.
Considering the sector's reaction to the price climb of Bitcoin over the last several months, the fact that meme coins are also soaring with the frog-themed crypto is unexpected.
As the price of Pepe rises, will FLOKI follow suit?
Overflows of money from the Bitcoin market have caused the pepe price to surge by 11%. Technically speaking, the token's price behavior over the last two weeks has formed a falling wedge pattern, suggesting a positive turnaround after a downtrend.
It is important to note that the present trend's strength is highly dependent on whether the BTC price can maintain its gains. If this holds, the price of Pepe might rise until it reaches the supply zone, which is $0.00000874 to $0.00001003. The trend will likely continue if it breaks and closes above its midline around $0.00000937.
The meme currency Floki has followed in the footsteps of Pepe and then some; both meme currencies track the price of Bitcoin, so if history repeats itself, the Floki price might also soar.
Along with the Awesome Oscillator's (AO) consistently green histogram bars, the Relative Strength Index (RSI) is also trending higher, suggesting that bullish sentiment is on the rise. Given this, the price behavior of PEPE might continue to be optimistic, with the support of BTC adding to the bullish sentiment.
Pepe price may encounter a rejection and roll over to the $0.00000581 support level before regaining its footing if the supply zone does in fact act as a resistance order block.
