bullish

2024

PEPE

Coin

<ul class="wp-block-list news-points">
 <li><strong>BONK’s consolidation hints at a breakout, supported by the fifth Elliott Wave pattern.</strong></li>
 <li><strong>PEPE shows bullish momentum, with the fifth Elliott Wave signaling upward movement.</strong></li>
 <li><strong>RSI and volume trends for both assets suggest potential bullish breakouts are approaching.</strong></li>
</ul>
<p>The crypto market shows signs of movement for BONK and PEPE, with technical analysis suggesting potential breakouts for both assets.&nbsp;</p>
<p>BONK has been trading sideways for three days, but this consolidation could soon lead to a breakout.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">3 days of essentially sideways is so close to breakout, will probs be a sustained move imo<a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> <a href="https://t.co/6MsnkVyVBY" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6MsnkVyVBY</a></p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1840866353814913221?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The Elliott Wave count suggests the price is in the fourth corrective wave, with a fifth impulsive wave expected. This could drive BONK’s price to 0.000003000.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="469" height="512" src="https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151.png" alt="" class="wp-image-508152" srcset="https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151.png 469w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-275x300.png 275w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-380x415.png 380w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-82x89.png 82w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-408x445.png 408w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-226x247.png 226w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-220x240.png 220w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-151x165.png 151w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-193x211.png 193w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-64x70.png 64w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T162328.151-69x75.png 69w" sizes="(max-width: 469px) 100vw, 469px">
  <figcaption class="wp-element-caption"><em>Source: </em><a href="https://x.com/Bluntz_Capital/status/1840866353814913221" target="_blank" rel="noopener noreferrer nofollow"><em>Bluntz_Capital</em></a>
  </figcaption>
 </figure>
</div>
<p>A rising wedge pattern between the third and fourth waves supports this analysis. These patterns often signal temporary consolidation before an upward price move.</p>
<p>The Relative Strength Index (RSI) on the 1-hour chart is 53.86, indicating a neutral to slightly bullish sentiment. Moreover, the volume has decre…</p>
<p>The post <a href="https://coinedition.com/rising-wedge-in-bonk-elliott-wave-in-pepe-which-coin-will-break-out/" rel="noopener noreferrer nofollow">Rising Wedge in BONK, Elliott Wave in PEPE: Which Coin Will Break Out?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Rising Wedge in BONK, Elliott Wave in PEPE: Which Coin Will Break Out?

Coin Edition

Other articles published on Oct 1, 2024

Diddy hires Sam Bankman-Fried’s attorney for legal representation

RCO Finance’s (RCOF) Token Presale Sells Fast with Push from Solana and Shiba Inu Whales Expectin...

Avalanche (AVAX), Dogecoin (DOGE), or Dogen (DOGEN): Which Altcoin Is Set to Deliver 10,000% ROI ...

Hamster Kombat tappers evolve with Swipe-to-Earn + Axie Pals Tamagotchis: Web3 Gamer

Japan’s Metaplanet buys ¥1 billion in Bitcoin

EIGEN token unlock goes live with debut of more than $6.5b FDV

Join our free newsletter for daily crypto updates!