Pepe

April

Bonk

Coin

<ul class="news-points"> 
 <li>PEPE fell from its $0.00000155 high while BONK dropped from $0.000030.</li> 
 <li>PEPE’s descending channel indicated another possible drawdown.</li> 
 <li>BONK may either breakdown or breakout depending on buyers’ presence.</li> 
</ul> 
Leading memecoins <a href="https://coinedition.com/pepe-falls-13-in-7-days-is-a-reversal-in-sight-for-the-meme/">Pepe (PEPE)</a> and Solana-based <a href="https://coinedition.com/bonk-and-pepe-poised-for-surges-in-2024-will-the-bulls-manage/">Bonk (BONK)</a> have had a rough couple of weeks. Using data <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="nofollow">obtained</a> from CoinMarketCap, Coin Edition found that PEPE was down about 80% from its December high of $0.00000155. 
It was a similar situation for BONK, which reached $0.000030 on December 15. But as of this writing, Solana’s leading meme had plunged to just $0.000010.&nbsp; 
These declines were in contrast to the performance that brought both memecoins to the limelight. For PEPE, its 365-day performance remained a 1,813% hike, thanks to its surge in April 2023. 
BONK’s 90-day 5,185% <a href="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="nofollow">increase</a> was proof that the goodwill it enjoyed was more recent than PEPE. Furthermore, it is also likely that the price decrease could be linked to intense profit-taking considering the value of gains BONK had given early buyers.&nbsp; 
<h2 class="wp-block-heading" id="h-pepe-price-analysis">PEPE Price Analysis</h2> 
From the 4-hour chart, PEPE has failed to find a pattern that triggers a breakout. Although there have been recovery…
The post <a href="https://coinedition.com/pepe-and-bonk-tank-80-from-december-highs-can-they-recover/">PEPE and BONK Tank 80% From December Highs: Can They Recover?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

PEPE and BONK Tank 80% From December Highs: Can They Recover?

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