The crypto market continued doing well on Thursday as demand from retail investors rose. Many of these investors are simply buying the dip after these coins crashed by double digits from their highest levels in November last year. This article provides a forecast for some popular crypto coins like Jasmy, Pepe coin, and Fartcoin, a popular Solana meme coin.
Pepe coin price prediction
Pepe chart by TradingView
Pepe, one of the most popular meme coins, has been in a strong downward trend in the past few months. Its crash happened after it reached an all-time high of $0.00002827 in December to a low of $0.000005895 this month.
The coin has now stabilized a bit and has moved to a high of $0.0000092, its highest level since February 24. It has jumped by 65% and found resistance at the 50-day Exponential Moving Average (EMA).
Meanwhile, the Relative Strength Index (RSI) and the MACD indicators have pointed upwards, a sign that it is gaining momentum.. The two lines of the MACD indicator are about to cross the zero line, while the RSI has just moved above 50.
Most importantly, Pepe price has moved above the upper side of the falling wedge pattern, a popular bullish reversal sign. Therefore, the coin will likely continue rising as bulls target the key resistance at $0.00001716, up by almost 100% from the current level. A drop below the key support at $0.0000058 will invalidate the bullish view.
Jasmy price forecast
JASMY chart by TradingView
JasmyCoin price has been in a strong downward trend in the past few months as the crypto sell-off gained momentum. The tokem crashed from a high of $0.05935 in December to the current $0.013.
Like the Pepe coin, Jasmy price has formed a falling wedge pattern in the past few months. This pattern is made up of two descending and converging trendlines, and a bullish breakout happens when these two lines near their confluence level.
The MACD indicator has formed a bullish divergence pattern, pointing to further gains in the coming days. These gains will be confirmed if the Jasmy coin rises above the 50-day moving average at $0.01755. It also needs to rise above the important resistance level at $0.01593, its lowest swing in November last year to confirm the bullish outlook.
Fartcoin price prediction
Fartcoin price chart by TradingView
The Fartcoin price has also bounced back as most Solana meme coins rebound. It jumped to a high of $0.6300, its highest swing on February 14.
Fartcoin has jumped above the 50-day moving average. Also, the MACD indicator has moved upwards, and has crossed the zero line. The Relative Strength Index has also continued rising.
Most notably, the coin has formed a rounded bottom pattern, pointing to further gains ahead. The most likely target for this view is at $1.3732, the 50% Fibonacci Retracement level, which is about 142% above the current level.
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