Mags, also known as ‘thescalpingpro’ on X (Twitter), posted an analysis of PEPE price action, suggesting that the price could spike heavily or dip, depending on how the meme coin price movement unfolds.
Based on his analysis, the price of PEPE is currently below very strong resistance at around $0.00001, and if the price breaks the resistance and reclaims that level, the analyst sees a major spike to $0.0000451.
However, if the price is unable to break the $0.00001 level, we could see a retracement to $0.000004. He said:
Supporting the possibility of a bullish spike, Market Spooter, an account with more than 40,000 followers on X, posted a 4-hour chart analysis of PEPE’s price. It shows the meme coin trading below a descending trend line on the 4-hour timeframe.
Based on his chart, PEPE has now reached a point where it could break above price resistance at around $0.00001. If it can break above, the analysts suggest that we could see a long bullish run.
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Brian Garrett, the founder and CEO of Future Star, expressed his thoughts about PEPE, emphasizing the meme coin’s strength. He noted that PEPE still has more than $1 billion in trading volume every day and that he doesn’t know any coin stronger than the Ethereum meme coin this cycle.
“Pepe broke down below support at 1086. The price must reclaim this level for further upside continuation. If the price fails to do so, we are going lower.”
He supported his thoughts by saying that it was not just his opinion but a statistical fact.
BONK’s Rising Positive Sentiment: Ready for Next Leg Up
The price of BONK bounced off a major support level yesterday, rising by more than 20%. The price has continued its bullish move today, increasing by another 12%.
The ongoing price action shows that the meme coin’s price is breaking above a resistance level at $0.0000261. Closing above this price could help maintain the bullish trend.
Supporting this upward prediction, AlphaScan AI posted on X that BONK could be primed for the next leg up. They support this view with data showing that the BONK market currently has good sentiment momentum.
They revealed that 34.8% of all BONK’s weekly mentions occurred in the last 24 hours, and 35% of all monthly mentions occurred in the last seven days. According to them, these numbers indicate strong sentiment for bullish momentum for BONK. They urge traders to watch the token closely for opportunities.
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