Rally

Memecoin

Pepe

Bonk

<p>The post <a href="https://coinpedia.org/price-analysis/bonk-and-pepe-break-resistance-is-the-memecoin-market-on-the-move/" rel="noopener noreferrer nofollow">BONK And PEPE Break Resistance: Is The Memecoin Market On The Move?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The recent Bitcoin halving has boosted institutional trust in the market, leading to gains across major cryptocurrencies and meme-inspired coins. Charts currently indicate that most cryptocurrencies and meme coins are performing well, with the overall cryptocurrency market capitalization at $2.43 trillion. The meme coin sector specifically has reached a market cap of $56.3 billion, marking a 0.21% increase over the past 24 hours.</p>
<h2 class="wp-block-heading" id="h-bonk-and-pepe-lead-memecoin-rally">BONK And PEPE Lead Memecoin Rally</h2>
<p>In the past 24 hours, the cryptocurrency market has experienced an uptrend after Bitcoin’s fourth halving event. The price of Bitcoin soared past $66,000, prompting increased buying interest in <a href="https://coinpedia.org/price-analysis/meme-coins-doge-pepe-floki-ready-for-extended-bull-run/" rel="noopener noreferrer nofollow">several meme coins</a>, notably Bonk and Pepe, which are leading the surge.</p>
<p>According to Coinglass data, sellers liquidated significantly as Bonk witnessed a total liquidation of over $650K and Pepe price saw liquidation of nearly $2.3 million, creating increasing volatility on the price chart.</p>
<p>This past weekend, after rapid meme coin activity on Solana and Base, it was Bitcoin’s turn to shine, achieving a new milestone in the process.</p>
<p>For the first time, Bitcoin miners earned more from transaction fees than from block rewards in a single 24-hour period. On Saturday, following the halving and the debut of the token minting protocol Runes, miners collected $80.74 million in fees compared to $26.28 million in bitcoin rewards.</p>
<h3 class="wp-block-heading" id="h-bonk-price-analysis">Bonk Price Analysis</h3>
<p>BONK price has successfully rebounded above the support of $0.000014, breaking above immediate Fib levels. Currently, buyers are aiming to send the price toward the resistance of $0.000025. As of writing, Bonk price trades at $0.00002019, declining over 1.4% in the last 24 hours.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/BKBM-RTSaMRuCKF_Sz4atm132KFB7wEcuj7tqArt2RIzaN0ptOqpHo513CCrQh56EHLcDZe6ra90ogWQf0ROfSlvvDGNyhoYX0vnMW2H-lZZPJj6cMublsmgAnFNypfYkTpfv3K4T41Il9s0wiG9MYo" alt="">
</figure>
<p>The rebound may approach the descending resistance line, an important threshold to monitor. If buyers surpass this hurdle, the BONK/USDT pair might extend to the $0.000029 level, and then the $0.000042 level.</p>
<p>Should the support between $0.000014 and $0.000012 weaken, intense selling interest from the bears is anticipated. If this support fails, the pair could experience sharp declines, potentially descending to the critical $0.00001 support level.</p>
<h3 class="wp-block-heading" id="h-pepe-price-analysis">Pepe Price Analysis</h3>
<p>PEPE price has been skyrocketing in recent hours due to increasing buying demand near the recent low of $0.0000049. As a result, buyers are now aiming for a new higher high in the coming hours in order to stabilize above Fib levels.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/RVk7VMRqZapQudJihPU0KpnW0xE1SG1IaMlMTaaUcL20J0uRnPGcjqfoOqXJ7EpMYyf9FCDu6GYVT9sdAQgsufpTyVrPNQfGi2v5-fK40uixyp2KYevIXTGOWa84fiWo6RIB4c8PqapHyyjNghJ-py0" alt="">
</figure>
<p>If the price ascends and stays above the $0.000009 level, the momentum could shift in favor of the buyers. This might lead to a gradual increase to $0.00001, possibly followed by a push toward $0.000015.</p>
<p>Should the price drop below $0.0000049, the PEPE/USDT pair might begin a downward trend toward $0.0000036. Although this price could serve as substantial support, a breakthrough by the bears could result in a complete retracement of the most recent rally, potentially bringing the price down to $0.0000016.</p>

BONK And PEPE Break Resistance: Is The Memecoin Market On The Move?

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