😱🚀🚀PEPE and BONK Prices Surge Over 30% Amid $400 Million Liquidation: What to Expect Next

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Buyers are trying to maintain the price above the 20-day EMA ($0.00001034). If they succeed, the #PEPE /USDT pair might climb back to the high of $0.0000128. This level is crucial for bears to defend, as a rally beyond it could lead to a rise towards the overhead resistance zone between $0.000015 and $0.000017.

On the other hand, a break and close below the $0.00001-$0.000008 support zone would confirm a bearish pattern. The pair could then drop to the strong support at $0.0000055. With the RSI level rising sharply towards the overbought region, traders might expect a correction.

#BONK Price Analysis

$BONK price has been on an upward trend recently, with the bulls pushing it above the overhead resistance of $0.000029. Currently, Bonk is trading at $0.0000323, marking a surge of over 27% in the last 24 hours.

The bulls are now aiming for a move toward $0.00003693, and a successful push could see the price rising to $0.000047. However, bears may strongly resist any surge within these levels.

A key level to watch is the EMA20 trend line. A strong rebound from this level would indicate that bulls are buying on dips, increasing the chances of breaking the psychological resistance at $0.000037. On the other hand, if the price drops sharply and falls below the 20-day EMA, it would suggest that bulls are exiting their positions, potentially triggering a correction down to the 50-day SMA at $0.00002275.

On the 4-hour price chart, the RSI level is surging and currently trades around 70, which might trigger a bearish correction.

$PEPE #binance #memecoins