PEPE, BONK Prices Plunge but Bears May Soon Be Exhausted
Release: 2024/02/08 15:34 Reading: 591
- The prices of PEPE and BONK plunged significantly in the last 30 days.
- PEPE’s lower high sequence might stop and could trigger a jump to $0.0000011.
- A 25% increase for BONK looked possible if it flips the $0.000011 resistance.
Frog-themed meme coin Pepe (PEPE) and dog-themed Bonk (BONK) have failed to come out of their misery as prices continue to fall. As of this writing, PEPE has shredded 17.58% of its value in the last 30 days.
BONK likewise has failed to put up a good performance, dumping by 8.02% within the last week. These retraces came amid a bearish turn in the market, which has seen prices of major cryptocurrencies fall from recent highs.
PEPE Price Analysis
PEPE’s structure on the 4-hour chart showed that the token was trading in a largely bearish state. Since January 11, PEPE has recorded a steady sequence of lower highs. Also, the decline has caused the meme coin to hit lower lows while forming a descending channel.
However, the price shown by the movement of February 6 indicated that the bottom may be in for PEPE. At press time, the price had increased slightly to $0.0000…
The post PEPE, BONK Prices Plunge but Bears May Soon Be Exhausted appeared first on Coin Edition.
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