Price Analysis: PEPE Strengthens into Weekend After Big Drop

PEPEcoin is trading at $0.00000906, up 4.98% in 24 hours, going into the weekend.


Today's reclaiming of the 20DMA at $0.0000089 has now consolidated support for 15 hours, indicating holders' confidence.


Importantly, this consolidation phase has cooled the RSI to 58.29, indicating rising momentum might continue.

After a bearish ‘death cross’ between the 20DMA and 200DMA on October 2, overhead fear continues.

PEPE also has to set up a descendent upper trendline that forms a hard ceiling of resistance at $0.00001075.

However, if Bitcoin recovers, anticipate a local target at higher support around $0.00000985, which might lay the scenario for 200DMA resistance testing.

BONK Price Analysis: Is Solana's favorite dog coin recovering?
Switching to BONK, everyone's favorite Solana dog currency, we have an even more exciting rebound chart with excellent technical structure at $0.0000215 (a 24-hour move of +8.92%).

This comes after a similar ‘death cross’ on October 3rd sent BONK price falling below lower trendline support at $0.0000193 earlier in the week.


After a robust rally, buyers bought the dip, sending BONK price back above 20DMA support ($0.00002015) within 10 hours.

Unlike PEPE, BONK price ripped high, causing a +5% divergence over 20DMA pricing, indicating no consolidation required to boost retain bank confidence.

This increases downside risk but also indicates momentum, particularly as capacity stays in a prolonged RSI around 58.75.

BONK price may climb over the 200DMA this weekend, with a local upside target of $0.000022–$0000235.