Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Next Memecoins to Explode, June 7 – Trump, Floki, Pepe

bullish:

0

bearish:

0

Share

Highlights:

  • TRUMP memecoin has risen 6.73% after Eric Trump confirmed support and announced a major treasury purchase.
  • FLOKI gains momentum as the price rebounds from support, with bulls targeting a breakout above key resistance.
  • PEPE is showing bullish signs near the wedge apex, with traders watching for a breakout above the $0.0000116 level.

The overall crypto market cap is up today after a brief fall yesterday due to political tension caused by an escalation between President Trump and Elon Musk. The escalation affected investor confidence and caused a drop in both the crypto market and traditional markets. At press time, the overall crypto market is up by 1.83% in the past 24 hours to $3.27 trillion. However, the trading volume has decreased 28.29% to $104.15 billion. The fear and greed index remains in the neutral zone at an index of 52. Most of the top 10 cryptocurrencies are trading in the green zone in the daily chart.

The memecoin market has also recovered and is up by 6.3% to $62 billion. Despite the uncertainty in the market due to political reasons, these are the next memecoins to explode.

Next Memecoins to Explode

1. OFFICIAL TRUMP (TRUMP)

TRUMP is trading at $10.37, representing a 6.73% increase over the last 24 hours. The market cap stands at $2.07 billion, but the trading volume has decreased by 14.47% to $732.6 million.

Source: CoinMarketCap

The surge in the price of the coin came shortly after Eric Trump announced that World Liberty Financial would buy a large amount of the Official Trump memecoin for its long-term treasury. He called it the most exciting meme on earth. The news caused a brief 6.4% price jump before pulling back.

The announcement followed a May 23 dinner at Trump’s golf course for the top 220 TRUMP holders. Eric and his brothers also recently rejected an “Official Trump Wallet” planned by Magic Eden. He warned that it was unauthorized and added that no unapproved project may use the Trump name.

Despite canceling the wallet, Eric confirmed strong support for the TRUMP memecoin. He said the coin has aligned with World Liberty Financial. The large accumulation of the project is set to increase demand and push the price further.

2. FLOKI (FLOKI)

FLOKI, a utility token of the Floki Ecosystem, is trading at $0.00008490, a 2.30% increase in the past day. However, the trading volume has decreased by 3.54% to $112.21 million. Meanwhile, the market cap stands at $817.18 million. The coin has increased 5.50% in the weekly chart and 5.43% in the monthly chart.

Source: CoinMarketCap

According to an analysis by a renowned analyst on the 4-hour chart, Floki has bounced from strong support between $0.000072 and $0.000075 as buyers stepped in quickly at this demand zone. Resistance sits near $0.000090 and $0.000105, where the price has repeatedly reversed. The price must close above $0.000090 to show bullish strength.

A breakout above the daily close could push towards $0.000115 or higher. However, a price failure near $0.000090 may lead to another retest of support. Moreover, a break below $0.000072 will weaken the bullish setup and shift bias to bearish.

3. Pepe (PEPE)

The frog-themed memecoin operating on the Ethereum blockchain is trading at $0.00001159, a 4.57% increase in the past day. Meanwhile, the trading volume has decreased 38.17% to $890.8 million, while the market cap stands at $4.87 billion. The memecoin has increased 2.5% and 31.87% in the weekly and monthly charts, respectively.

Source: CoinMarketCap

Pepe is trading just above a strong support zone near $0.00000095. The daily chart shows a falling wedge forming over several weeks. The price is now approaching the wedge apex with pressure building.

A breakout above $0.0000116 could trigger a strong upward move. Key resistance levels sit at $0.0000144 and $0.0000220. A push beyond these zones may open the path to $0.0000280. However, any close below the support zone would cancel the bullish setup.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.