đ±đđ Meme Coins: PEPE and BONK Price Forecast This Week đ±đđ
PEPE Price Analysis
$PEPE has experienced significant volatility recently, with a strong rejection around the $0.000015 resistance mark, pushing the price down to $0.0000116. Buyers defended this level, and the price is now hovering around $0.00001235, showing a decline of over 10% in the past 24 hours.
Buyers aim to maintain their momentum and push the price above the descending resistance line. Although the $0.000016 level 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.
On the other hand, if bears aim to halt this upward movement, they must quickly pull the price below the 50-day SMA at $0.0000112. If successful, the pair could decline to $0.00000889 and further down to the crucial support level at $0.00000772.
BONK Price Analysis
$BONK remains close to its moving averages, indicating minimal aggressive activity from traders. The price strongly rejected the $0.000033 level and declined below the immediate Fibonacci channels, resulting in a consolidation around $0.000028. Currently, the Bonk price trades at $0.0000284, surging over 3% in the last 24 hours.
The declining moving averages and a mid-level RSI suggest 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 towards $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.
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