Pepe Coin

Pepe

Coin

<p>Meme coins Pepe Coin (PEPE) and BONK have experienced significant price increases in the last 24 hours, despite the broader cryptocurrency market experiencing a slump. PEPE has gained 16.30%, while BONK has risen by 12.51%. Our technical analysis suggests that both tokens may be poised for further upside if market conditions turn favorable.</p>
<h2 class="wp-block-heading" id="pepe-coin-pepe-rebounds-from-support-eyes-breakout">Pepe Coin (PEPE) Rebounds from Support, Eyes Breakout</h2>
<p>Our analysis of Pepe Coin reveals that the token has rebounded after hitting its previous support level of $0.000005 on March 5. Following this bounce, PEPE reached a high of $0.00001 before experiencing a price drop alongside the broader market slump.</p>
<p>However, PEPE now appears ready to break out of a descending channel, provided market conditions improve. The token is currently trading at $0.000006994, with a 24-hour low and high of $0.000006005 and $0.000007393, respectively.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="972" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-1024x972.png" alt="" class="wp-image-455981" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-1024x972.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-300x285.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-767x728.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-1536x1458.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-2048x1943.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-158x150.png 158w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-100x95.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-369x350.png 369w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867-788x747.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-867.png 1272w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>PEPE’s 200-day moving average (MA) stands at $0.00000173. When a token trades above its 200-day MA, it is generally considered a bullish sign, indicating that the long-term trend is positive. With PEPE currently trading well above this level, the token may have room for further growth.</p>
<p>The daily chart Relative Strength Index (RSI) for PEPE is currently at 69. An RSI above 70 typically indicates that a token is overbought and may be due for a correction. However, in strong bull markets, tokens can remain overbought for extended periods. While PEPE’s RSI suggests some caution, the overall trend remains bullish.</p>
<h2 class="wp-block-heading" id="bonk-bounces-from-support-prepares-for-potential-breakout">BONK Bounces from Support, Prepares for Potential Breakout</h2>
<p>Similar to PEPE, BONK has also rebounded after hitting its previous support level of $0.0000194 on March 3. Following this bounce, BONK reached a high of $0.00004725 before suffering a price drop alongside the broader market slump.</p>
<p>BONK now appears ready to break out of a descending channel if market conditions turn favorable. The token is currently trading at $0.00002221, with a 24-hour low and high of $0.00001957 and $0.00002285, respectively.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="972" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-1024x972.png" alt="" class="wp-image-455973" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-1024x972.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-300x285.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-767x728.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-1536x1458.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-2048x1943.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-158x150.png 158w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-100x95.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-369x350.png 369w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866-788x747.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-866.png 1272w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>BONK’s 200-day moving average (MA) stands at $0.0000093. With the token trading above this level, it suggests that the long-term trend is positive.</p>
<p>The daily chart Relative Strength Index (RSI) for BONK is currently at 58. An RSI between 50 and 70 indicates that a token is neither overbought nor oversold, suggesting that there may be room for further price appreciation.</p>
<p>Despite the broader market slump, Pepe Coin and BONK have demonstrated strong resilience, bouncing off key support levels and potentially preparing for further upside. As <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins continue to attract investor interest, these tokens may be well-positioned to capitalize on any improvement in market sentiment.</p>
<p>However, investors should always exercise caution when investing in highly volatile assets like meme coins and conduct thorough research before making any investment decisions.</p>
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<p>The post <a href="https://captainaltcoin.com/pepe-coin-and-bonk-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">Pepe Coin and BONK Prices Pumping: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Pepe Coin and BONK Prices Pumping: Here’s Why

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