Dogecoin and Floki Set for 'Mega Pump'? Analysts Identifies Key Resistance Levels

Meme coins like Dogecoin DOGE/USD and FLOKI FLOKI/USD are drawing significant attention from market analysts who anticipate a strong rally for these meme coins.

What Happened: Crypto Tony, a pseudonymous crypto analyst, has projected a ‘mega pump’ for both DOGE and FLOKI, citing technical patterns that suggest a substantial increase in their prices.

At the time of reporting, FLOKI was trading at $0.00003082, while DOGE was valued at $0.077.

Crypto Tony’s analysis points to FLOKI climbing to a resistance level of $0.000035 and DOGE potentially reaching up to $0.085, after which the analyst sees the meme coins going on a rallying spree.

A resistance level in crypto refers to a price point that an asset struggles to surpass due to strong selling pressure. It’s essentially the upper limit that traders believe the asset will have difficulty exceeding.

"Just the beginning for our memecoins . The party is about to begin," the analyst tweeted.

Crypto Rover, another analyst who has observed a breakout in DOGE’s price, is setting his sights on a $0.082 target. 

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Why It Matters: Another pseudonymous analyst, Rekt Capital, joins a chorus of bullish predictions confirming these resistance levels.

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