😱🚀🚀 PEPE and BONK prices rise more than 30% amid US$400 million sale: what to expect next
Buyers are trying to keep the price above the 20-day EMA ($0.00001034). If successful, the pair #PEPE /USDT could rise back to the high of $0.0000128. This level is crucial for the bears' defense as a rally beyond it could lead to a rise towards the overhead resistance zone between $0.000015 and $0.000017.
On the other hand, a breakout and close below the $0.00001 to $0.000008 support zone would confirm a bearish pattern. The pair could then fall towards the strong support at $0.0000055. With the RSI level rising sharply towards the overbought region, traders can expect a correction.
$BONK PRICE ANALYSIS
The $BONK price has been trending higher recently, with bulls pushing it above overhead resistance at $0.000029. Bonk is currently trading at $0.0000323, marking an increase of over 27% in the last 24 hours.
Bulls are now looking for a move towards $0.00003693, and a successful push could see the price rise towards $0.000047. However, bears may strongly resist any rise within these levels.
An important level to watch is the EMA20 trendline. A strong rebound from this level would indicate that bulls are buying dips, increasing the chances of breaking the psychological resistance at $0.000037. On the other hand, if the price drops sharply and falls below the 20-day EMA, it would suggest that bulls are exiting their positions, potentially triggering a correction to the 50-day SMA at $0.00002275.
On the 4-hour price chart, the RSI level is rising and is currently trading around 70, which could trigger a bearish correction.