๐๐ PEPE and BONK Prices Surge Over 30% Amid $400 Million Liquidation: What to Expect Next
The PEPE/USDT pair is attempting to sustain its price above the 20-day EMA ($0.00001034). If buyers succeed, the pair could climb back to the significant level of $0.0000128. This level is critical for bears to defend, as a rally beyond it could drive the price toward the overhead resistance zone between $0.000015 and $0.000017. Conversely, a break and close below the $0.00001-$0.000008 support zone would confirm a bearish pattern, potentially dropping the pair to the strong support at $0.0000055. With the RSI level rising sharply towards the overbought region, traders might anticipate a correction.
#BONK Price Analysis
The $BONK price has been trending upward, with bulls pushing it above the overhead resistance of $0.000029. Currently trading at $0.0000323, Bonk has surged over 27% in the last 24 hours. Bulls are now targeting a move towards $0.00003693, with a successful push potentially driving the price up to $0.000047. However, bears are likely to strongly resist any surge within these levels.
A key level to monitor 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. Conversely, if the price drops sharply 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 prompt a bearish correction.
