😱🚀🚀Meme Coin: PEPE and BONK Price prediction this week😱🚀🚀
1.#PEPE Price Analysis
$PEPE price witnessed intense volatility in the last few days as the price faced a strong rejection around the $0.000015 resistance mark. This pushed the price toward the low of $0.0000116. However, buyers defended that level and the price is currently hovering around $0.00001235, declining over 10% in the last 24 hours.
The buyers aim to maintain their momentum and push the price above the descending resistance line. Although the $0.000016 may present a challenge, it is expected to be surpassed. Following this, the PEPE/USDT pair could target a rally towards the strong resistance at $0.0000173.
Conversely, if the bears aim to halt this upward movement, they must rapidly pull the price below the 50-day SMA at $0.0000112. Succeeding this, the pair could decline to $0.00000889 and further down to the crucial support level at $0.00000772.
2.#BONK Price Analysis
XRP remains close to its moving averages, suggesting minimal aggressive activity from traders. $BONK rejected the $0.000033 level strongly and declined below the immediate Fib channels, resulting in a consolidation around $0.000028. As of writing, Bonk price trades at $0.0000284, surging over 3% in the last 24 hours.
The declining moving averages and a mid-level RSI hint at potentially continued bearish price movements. A break and close above the current consolidation could signal a bullish resurgence, potentially pushing the BONK/USDT pair towards the $0.0000369 resistance level. Further buying pressure might send the price toward $0.000048
Conversely, a downturn below the support line of $0.000024 could invalidate the bullish pattern, potentially driving the pair down to the $0.000017 support level.
