Memecoins are booming as Bitcoin surges—Should you be optimistic about Fartcoin, Pepe, and FLOKI?

Market sentiment, especially with memecoins, has witnessed rapid changes following the bullish run of BTC. Moreover, they attract more bullish and bearish activity than Bitcoin, making the next price action ambiguous. Currently, popular memecoins like Pepe, Fartcoin, FLOKI, etc., and some other memecoins have shown significant strength. But the question remains whether this bullish run will last in the short-term. Analysis of Fartcoin price (FARTCOIN)

The price of FARTCOIN has been recovering along a parabolic path since the beginning of March but has not yet surpassed the important resistance level of $0.98 since the beginning of the month. The volume has decreased significantly, causing volatility to decline and preventing prices from rising above the important resistance level. The MACD line is about to cross downwards, but the MACD line is trying to rise above the Signal line as the buyers regain strength. On the other hand, +Di & -Di have diverged, heading towards a bearish crossover, indicating the potential for a bullish move. Technical indicators are shifting to a bullish trend, but as long as the volume continues to fall, the price of FARTCOIN may remain stable around $0.9. Analysis of Pepe price (PEPE)

The price of PEPE has recovered from a local bottom for the second consecutive time, forming a double bottom pattern. Although trading volume has decreased, buyers still dominate, maintaining bullish potential. The RSI is approaching a key resistance level and may even break through for the first time this year, which is believed to lift the levels above the bearish range. On the other hand, the MACD, which is currently bullish, is about to rise into positive territory, reinforcing the bullish statement. Therefore, the price of PEPE is expected to continue to rise and reach a significant resistance zone between $0.00000878 and $0.0000090. A breakout from here could pave the way for this token to wipe out its value. FLOKI price analysis

The price of FLOKI has dropped below the descending parallel channel and has formed another parallel channel; however, the recent increase has raised the levels in the upper channel. The Bollinger bands have started to run parallel, indicating a decrease in volatility, which could lead to a tightening and in turn, a bullish breakout. Meanwhile, the RSI is rising and trying to break through the average zone, which could push the price close to the resistance level at $0.0000068. Therefore, the price of FLOKI seems confident to maintain a strong bullish trend and soon reach the level of 0.00001 dollars.