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Cryptocurrency News Articles

PEPE Meme Coin on the Brink of Massive Pump or Crash: BONK Looks Ready For Next Leg Up

Jul 09, 2024 at 10:30 pm

Mags, also known as ‘thescalpingpro’ on X (Twitter), posted an analysis of PEPE price action, suggesting that the price could spike heavily or dip

PEPE Meme Coin on the Brink of Massive Pump or Crash: BONK Looks Ready For Next Leg Up

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.

News source:captainaltcoin.com

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