PEPE Meme Coin on the Brink of Massive Pump or Crash: BONK Looks Ready For Next Leg Up
- WBOYOriginal
- 2024-07-16 18:55:32881browse
Mags, also known as ‘thescalpingpro’ on X (Twitter), posted an analysis of PEPE price action, suggesting that the price could spike heavily or dip
The price of PEPE meme coin has remained largely unchanged over the past 24 hours, and it now trades at $0.00000937, following a slight increase of 0.8%.
However, the meme coin has seen better days, and despite the recent recovery, the price is still down by more than 90% from its all-time high.
The price of PEPE has been on a roller coaster over the past few months, and it recently dropped to a low of $0.000003. However, following the news of Binance listing the meme coin on its innovation zone, the price surged to highs of more than $0.00003.
After the Binance listing, the price of PEPE dropped again, and it now trades at a price that is more than 95% lower than the all-time highs.
The price of PEPE has been surging following a listing on Binance. However, the meme coin has now dropped again, and it trades at a price that is more than 95% lower than the all-time highs.
A closer look at the 4-hour price chart shows that the price of PEPE is currently trading below a crucial price resistance at around $0.00001. If the price manages to break this resistance and reclaim that price level, we could see a major spike to $0.0000451.
However, if the price fails to break the $0.00001 level, we could see a retracement to $0.000004.
On the other hand, the price of BONK has surged again today, and the meme coin is now up by more than 12%.
The price of BONK dropped to a low of $0.000018 on Monday following a massive sell-off. However, the meme coin has recovered since then, and the price is now up by more than 200% from the recent lows.
A closer look at the 4-hour price chart shows that the price of BONK is currently trading above a crucial price support at around $0.0000261. If the price manages to close above this price level, we could see a continuation of the bullish trend.
However, if the price fails to hold this support, we could see a price drop to $0.0000166.
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