Pepe

Bonk

<p>Meme coins Pepe and Bonk have seen price increases over the past 24 hours amidst a slumping market condition. PEPE is currently trading at $0.00001319, up 10.77%, while BONK is trading at $0.00002873, up 9.23% in the past 24 hours.&nbsp;</p> 
<h2 class="wp-block-heading" id="pepe-bounces-off-multi-month-support-line">Pepe Bounces Off Multi-Month Support Line</h2> 
<p><a href="https://x.com/NFTdavie/status/1800753756298191313" target="_blank" rel="noreferrer noopener nofollow">Davie Satoshi</a>, a prominent crypto analyst, has noted that Pepe’s ability to bounce off a multi-month support line is a bullish sign. This sentiment is echoed by analyst CJ, who believes that Pepe looks promising after retesting its prior consolidation level, which is in line with the March highs.</p> 
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<p>CJ has <a href="https://x.com/CJ900X/status/1800663675604254828" target="_blank" rel="noreferrer noopener nofollow">scaled</a> into a spot position and plans to add more if the price reaches the box level. A break above the diagonal resistance would likely signal that a local low is in, but the analyst cautions that Pepe’s performance is heavily dependent on Ethereum’s price action.</p> 
<h2 class="wp-block-heading" id="pepe-bullish-breakout">Pepe Bullish Breakout </h2> 
<p>According to a technical analysis by altFINS, Pepe is currently in an uptrend following a bullish breakout from a channel up pattern. The price recently reached resistance at $0.000017 and was rejected.</p> 
<p>A pullback near the $0.0000113 support level could present a swing trade entry opportunity, with a potential upside of 50% back to $0.000017. The analysis suggests setting a stop loss at $0.0000110.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-1024x573.png" alt="" class="wp-image-507812" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-2048x1145.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464-788x440.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-464.png 1940w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: </em><strong><a class="thirstylink" rel="nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>If Pepe breaks above its all-time high of $0.0000173, the next possible resistance levels based on Fibonacci Extensions are $0.0000184 (61.80%), $0.0000200 (78.60%), $0.0000215 (100%), and $0.0000266 (161.80%).</p>  
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<h2 class="wp-block-heading" id="bonk-shows-bullish-divergence-and-falling-wedge-formation">Bonk Shows Bullish Divergence and Falling Wedge Formation</h2> 
<p>Analyst <a href="https://x.com/Bluntz_Capital/status/1800452894128537810" target="_blank" rel="noreferrer noopener nofollow">Bluntz</a> has identified a 4-hour bullish divergence on both Bonk and Pepe, suggesting that relief bounces may be imminent. Bluntz considers these two <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank">meme</a> coins as favorites for bounces around the current price levels.</p> 
<p>Clifton fx has also <a href="https://x.com/clifton_ideas/status/1800744774946914541" target="_blank" rel="noreferrer noopener nofollow">noted</a> a falling wedge formation on Bonk’s 6-hour timeframe, indicating that an upside breakout could lead to a massive bullish wave. Additionally, Webtrend Analytics’ DCAMAP indicator <a href="https://x.com/WebTrendCo/status/1800688057718632748" target="_blank" rel="noreferrer noopener nofollow">shows</a> that Bonk is trading within the yellow mid-range, which has historically been a great spot for entries during the recent uptrend.</p> 
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<p><a href="https://x.com/rektcapital/status/1800559430313849148" target="_blank" rel="noreferrer noopener nofollow">Rekt Capital</a>, another well-known analyst, has pointed out that Bonk is likely undergoing a volatile retest. For the retest to be successful, Bonk needs to hold above a crucial level of support by the end of the month. The analyst believes that there is ample time for the price to turn things around during this retest.</p> 
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<p>The post <a href="https://captainaltcoin.com/meme-coins-pepe-and-bonk-prices-are-pumping-heres-why/">Meme Coins Pepe and Bonk Prices Are Pumping: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Meme Coins Pepe and Bonk Prices Are Pumping: Here’s Why

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