Will PEPE Price Follow the Trend & Reach $0.0002?

Bitcoin price is surging! The top-traded token has soared above $61,000 which has circulated bullish waves across the markets. With this, the memecoins have gained immense strength as the tokens have triggered a huge upswing. FLOKI price leads the top memecoins, while the other top tokens, like PEPE, are trying hard to follow the rally. Therefore, these tokens are expected to demonstrate bullish action and reclaim the lost levels. 

FLOKI Price Eyes at a 15% Rise 

FLOKI price displayed a massive rise in the past few months and attracted immense traders’ attention while the volume remained within a decent range. However, after triggering a rebound from the lows at $0.000011, the price has maintained a 25% rise and pierced beyond a critical resistance zone between $0.00012 and $0.000132. Therefore, the token may continue to maintain a steep ascending trend and head towards the upper target. 

The FLOKI price has surged above the range but the major price action is yet to begin. Despite the price rise, the Bollinger bands do not appear to have expanded while the price is trying to rise above the upper bands. Besides, the +Di & -Di levels of the DMI are about to undergo a bullish crossover, which may validate another 15% upswing. Therefore, the price is believed to rise above $0.00016 anytime in the next few days, which may validate a rise above $0.0002. 

PEPE Price Trying Hard To Reach $0.00000886

PEPE price has triggered a rebound from the interim lows around $0.00000724 but a trend reversal from bearish influence is yet to be validated. The rise does not appear to be a flip but rather forms another lower high. With this, the token possesses the possibility of rejection in the coming days, as rising beyond $0.000008 appears to be a tedious job for the PEPE price rally. 

The PEPE price has accumulated enough gains in the past few days but has failed to reclaim the resistance above $0.00000925. This suggests the presence of bearish activity amid the growing bullish strength. The OBV and RSI have triggered a bullish reversal. While RSI maintains an ascending trend, OBV is showing the possibility of a bearish divergence. Therefore, a drop in the OBV may validate a shift to the bearish trend, which may compel the PEPE price to hit the lower resistance. However, a rise above the interim resistance may invalidate the bearish thesis.