As reported by Kriptokoin.com, there has been significant activity in the memecoin market recently. Popular tokens such as PEPE and FLOKI are once again attracting investor interest. In addition, both tokens have formed a bullish flag formation on their charts. This technical indicator usually heralds an upward movement. This situation increases the likelihood of a new rally and motivates investors.

Signals of Rise in Memecoin Price

The price of PEPE is currently trading at 0.00001124 dollars. The bull flag formation seen on the charts indicates a strong continuation signal. The upper resistance level of this formation is around 0.00001200 dollars. If this level is surpassed, it is likely that the price will reach new highs. Analysts predict that after this breakout, the memecoin price could reach levels of 0.00001350 dollars, or even 0.000017547 dollars. This potential increase represents a gain of 59%.

However, the support level at $0.00001050 is crucial for this rise. In case of a possible pullback, this support level will provide a ground for the price to recover. PEPE's gain of 29.54% in the last month indicates that investor interest is still strong.

The Future of FLOKI Looks Bright

Floki Inu (FLOKI) is attracting attention in a similar way. The memecoin is trading at $0.00001451 and has formed a bull flag formation. If FLOKI can continue its upward movement, it will first test the resistance level at $0.00001500. A breakthrough above this level will further stimulate investors' appetite. Analysts also indicate that the FLOKI price could rise to $0.00001800 or even $0.00003500 after this breakthrough.

As a support level, $0.00001400 stands out. Even if there is a pullback at this level, it can offer a recovery opportunity for investors. FLOKI's weekly gains of 3.72% and monthly gains of 11.28% indicate that investor interest continues.

Meme Coin Rally: DOGE and SHIB on the Rise

Apart from FLOKI and PEPE, other memecoins are also on the rise. Dogecoin (DOGE) and Shiba Inu (SHIB) gained 8.10% and 6.99% respectively on a weekly basis. However, PEPE and FLOKI stand out with more pronounced bull formations. This indicates that a potential memecoin rally could occur led by these two tokens.

Technical indicators are signaling an increase in buying power in the market. Especially indicators like MFI and CMF for FLOKI are indicating an upward price movement. This week, we may witness new highs in the memecoin market.

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