In Could, the meme coin market skilled a rally. This was partly fueled by the surge within the common altcoin market following the US Securities and Change Fee’s approval of eight spot Ethereum exchange-traded funds (ETFs).

As we enter June, some meme property, akin to Tremendous Trump (STRUMP), Pepe (PEPE), Bitcoin native memecoin DOG•GO•TO•THE•MOON (DOG), ANDY ETH (ANDY), and Floki (FLOKI), are poised to increase their positive aspects. 

Tremendous Trump (STRUMP) Climbs Increased

As of this writing, Tremendous Trump traded at $0.025. The meme coin’s worth has elevated by over 400% within the final week.

Its key momentum indicators assessed on a 1-day chart confirmed that STRUMP’s price surge has been backed by actual demand from market individuals. For instance, its Relative Energy Index (RSI) was 82.87, whereas its Cash Circulate Index (MFI) was 78.43. 

An asset’s RSI measures the momentum of its price actions, whereas its MFI considers price and quantity to evaluate shopping for and promoting stress. 

Whereas the values of those indicators steered that STRUMP’s shopping for momentum has outweighed distribution, it’s key to notice that an RSI worth above 70 usually signifies that an asset is overbought. Because of this STRUMP’s price might have risen too rapidly and might be due for a correction. 

If patrons’ exhaustion units in and a decline ensues, the meme coin’s worth might plummet to $0.019.

Nevertheless, if that is invalidated and the uptrend continues, STRUMP might rally to alternate palms at $0.031. 

Pepe (PEPE) Goals to Put Consumers in Revenue

The price of the frog-themed meme coin Pepe (PEPE) has surged by 63% up to now 30 days. Readings from its Shifting Common Convergence/Divergence (MACD) indicator noticed on a weekly chart confirmed that the bullish bias towards the altcoin exceeded the bearish sentiments.

As of this writing, PEPE’s MACD line (blue) rested above its sign line (orange). This indicator gauges an asset’s price traits, momentum, and potential shopping for and promoting alternatives out there. 

When its strains are set up this fashion, it’s a bullish sign, which implies that shopping for stress is greater than promoting exercise. Merchants interpret it as an indication to take lengthy and exit quick positions.

Additional, PEPE’s rising and optimistic Chaikin Cash Circulate (CMF) confirmed the bullish pattern. At 0.33, PEPE’s CMF signaled an uptick in liquidity influx into the meme coin market. 

This indicator tracks how cash flows into and out of an asset’s market. A optimistic CMF worth is an indication of market energy.

If PEPE patrons preserve their demand for the meme coin, its price might reclaim its all-time excessive of $0.00001718, recorded on Could 27.

Learn Extra: Pepe: A Complete Information to What It Is and How It Works

Nevertheless, if the bears re-emerge to regain management, promoting stress might trigger PEPE’s price to fall towards $0.000012.

DOG•GO•TO•THE•MOON (DOG) Sits at an All-Time Excessive

Within the early buying and selling hours of right this moment, DOG•GO•TO•THE•MOON (DOG) climbed to an all-time excessive of $0.00962. As of this writing, it has since retraced by 10% to alternate palms at $0.008795. 

Regardless of the slight profit-taking exercise, the meme coin’s price has elevated 20% up to now 24 hours. DOG’s Elder-Ray Index’s optimistic worth steered that the bulls stay in management. 

This indicator measures an asset’s shopping for and promoting stress. Merchants use it to gauge market sentiment and establish potential traits and reversals. When its worth is optimistic, it implies that bull energy dominates the market.

Confirming the energy of the bulls, DOG’s optimistic directional index (inexperienced) rested above its unfavourable index (crimson) at press time. This steered that purchasing stress was stronger than promoting stress, confirming the potential for an additional price rally.

If this accumulation momentum is maintained, DOG’s price might reclaim its all-time excessive and climb to $0.015.

Nevertheless, if profit-taking positive aspects momentum, its price would possibly slip beneath $0.09 to commerce at $0.068.

ANDY ETH (ANDY) Trades Above Key Shifting Common

Exchanging palms at $0.00025, ANDY trades above its 20-day Exponential Shifting Common (EMA).

When an asset trades above this key shifting common, it’s seen as a bullish sign. This implies the asset’s present price has rallied previous its common price up to now 20 days. Merchants view it as a shift towards coin accumulation. 

ANDY’s rising RSI confirms the buildup pattern. At press time, the indicator’s worth was 71.39, suggesting that purchasing stress outpaced token sell-offs.

If accumulation continues to climb, ANDY’s subsequent price level is $0.0005, above its all-time excessive of $0.0003005. 

Nevertheless, if a lot of its merchants start to make a revenue at this level, ANDY’s price might fall to $0.00014.

Floki (FLOKI) Seeks to Keep Ascending Channel

Since April 15, the uptick in Floki’s (FLOKI) shopping for stress has triggered it to pattern inside an ascending channel. 

When an asset trades inside this channel, there’s extra shopping for stress than promoting stress. 

The rise in FLOKI’s demand up to now few weeks will be gleaned from its Superior Oscillator. Since Could 13, FLOKI’s Superior Oscillator has posted solely green-upward dealing with bars.

This indicator measures an asset’s market momentum and identifies its price traits and reversal factors. When it returns inexperienced upward-facing bars, patrons management the market, and the price rally would possibly proceed. 

If FLOKI’s rally continues, its subsequent price level is $0.004.

Learn Extra: What Are Meme Cash?

Nevertheless, invalidating this implies the meme coin’s price might fall to $0.0025.