Pepe

Million

Bonk

NEXT GEN PEPE

<p>The post <a href="https://coinpedia.org/price-analysis/pepe-and-bonk-prices-surge-over-30-amid-400-million-liquidation-what-to-expect-next/" rel="noopener noreferrer nofollow">Pepe and Bonk Prices Surge Over 30% Amid $400 Million Liquidation: What to Expect Next</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The memecoin market is currently booming, with numerous Solana-based meme coins experiencing significant price increases during recent trading sessions. The news of a potential spot Ethereum ETF approval by the SEC this week has triggered a buying demand in the crypto market, driving up meme coin prices as well. Pepe and Bonk have seen their prices surge by over 30% in just 24 hours. Analysts, however, predict mixed signals in the hours ahead.</p>
<h2 class="wp-block-heading" id="h-market-liquidation-nears-400-million">Market Liquidation Nears $400 Million</h2>
<p>In the past 24 hours, the crypto market has experienced significant buying demand. Bitcoin (BTC) surged past the $70,000 mark, while Ethereum (ETH) is approaching the $4,000 milestone. Coinglass data reveals that total market liquidations exceeded $390 million.</p>
<p>Also read: <a href="https://coinpedia.org/news/why-crypto-market-is-up-today-is-this-the-start-of-fresh-rally/" rel="noopener noreferrer nofollow">Top Reasons Why the Crypto Market is Up Today: Altcoins Time to Shine?</a></p>
<p>Notably, Solana (SOL) meme coins are rising sharply. The price of Pepe hit a new all-time high today, and Bonk leads the meme coin rally with a robust 30% gain.</p>
<h3 class="wp-block-heading" id="h-pepe-price-analysis">Pepe Price Analysis</h3>
<p>Pepe is currently facing increased bearish pressure following a selloff at its recent high of $0.00001281. The price is attempting to drop below the EMA20 trend line; however, bulls are strongly defending a decline. At the time of writing, Pepe is trading at $0.00001212, surging by over 30% in the last 24 hours.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/T_SZ1t-3WjPiufVmCiA4Le9Zf0OWjfcuJ3xXn01r-NaBorfS25fQwtiLJYFQDwXsc5RREF6gJSCcGLkGzjgwQYbtki4_RGz2YH3VCyK6AWF6BDYhNlxuISmHQlNn94oZLZVtZIVkX2CBwk_5Nk7j2IE" alt="">
</figure>
<p>Buyers are trying to maintain the price above the 20-day EMA ($0.00001034). If they succeed, the PEPE/USDT pair might climb back to the high of $0.0000128. This level is crucial for bears to defend, as a rally beyond it could lead to a rise towards the overhead resistance zone between $0.000015 and $0.000017.</p>
<p>On the other hand, a break and close below the $0.00001-$0.000008 support zone would confirm a bearish pattern. The pair could then drop to the strong support at $0.0000055. With the RSI level rising sharply towards the overbought region, traders might expect a correction.</p>
<h3 class="wp-block-heading" id="h-bonk-price-analysis">Bonk Price Analysis</h3>
<p>Bonk price has been on an upward trend recently, with the bulls pushing it above the overhead resistance of $0.000029. Currently, Bonk is trading at $0.0000323, marking a surge of over 27% in the last 24 hours.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/zFEm4q85JqFU5PulbqViMQgUSgc211F2dolgyXI_HM0_6ip0ahrx74gj3uq6pFbp4S6gED2SwS-SD3Gi0cfk03QZPhwrKdmpE4KNqvcVcITLpqhV_8QdExn2jtiRxYvDDc2vKooPIUCjkcqnQOqbWyc" alt="">
</figure>
<p>The bulls are now aiming for a move toward $0.00003693, and a successful push could see the price rising to $0.000047. However, bears may strongly resist any surge within these levels.</p>
<p>A key level to watch is the EMA20 trend line. A strong rebound from this level would indicate that bulls are buying on 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 down to the 50-day SMA at $0.00002275.</p>
<p>On the 4-hour price chart, the RSI level is surging and currently trades around 70, which might trigger a bearish correction.</p>

Pepe and Bonk Prices Surge Over 30% Amid $400 Million Liquidation: What to Expect Next

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