đ $PEPE , $BONK lead memecoinsâ recovery amidst broader market decline - AMBCrypto Analytics
An analysis of Pepe coin on a daily time frame showed that while the market was down on 11th June, it saw an increase.
The chart indicated that the memecoinâs value rose by over 5%, trading at around $0.00001137. As of this writing, it has increased again by almost 3%, now trading at around $0.0000131.
Additionally, the analysis showed that the memecoinâs support, represented by its short moving average (yellow line), was holding strong.
Also, the recent climbs have pushed it into a bull trend. An analysis of its Relative Strength Index (RSI) indicated that it had crossed slightly above the neutral line, signifying a weak bull trend as of this writing.
An analysis of Bonk on the daily time frame showed that, like Pepe, it saw a slight increase in the previous trading session. However, it is in the current trading session that Bonk is experiencing a significant price increase.
As of this writing, Bonk was trading with an almost 6% increase. The chart indicated that it was close to climbing above its yellow line, which has served as resistance until now.
Despite the significant price increase, Bonk remained in a bearish trend, although this trend appeared to be weakening.
An analysis of Bonkâs Relative Strength Index (RSI) showed that it was currently below the neutral line. However, as of this writing, it was approaching the neutral line, indicating that the bear trend was weakening.
