Cryptocurrency

Pepe

Solana

Bonk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-trends-in-cryptocurrency-market-and-meme-coins/" data-wpel-link="internal">Recent Trends in Cryptocurrency Market and Meme Coins</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/bitcoin-dolandiriciligi-yoktur-kisa-yoldan-zengin-olmaya-calisanlar-vardir" data-wpel-link="internal">Bitcoin</a>‘s recent halving has led to a resurgence of investors, significantly impacting the market for meme coins. According to Coinmarketcap, most cryptocurrencies, especially meme coins, are performing well, with the overall cryptocurrency market volume reaching $2.46 trillion. In particular, meme coins have seen a 0.21% increase in the last 24 hours, reaching a market value of $56.3 billion.</p> 
<h2 style="text-align: justify" id="movements-of-bonk-and-pepe">Movements of BONK and PEPE</h2> 
<p style="text-align: justify">In the last 48 hours, following <a href="https://en.coin-turk.com/bitcoin-transaction-fees-drop-after-a-surge/" data-wpel-link="internal">Bitcoin</a>’s fourth halving, the cryptocurrency market entered a period of increase. Bitcoin’s price exceeded $66,000, leading to increased buying pressure on various meme coins, including Bonk and Pepe.</p> 
<p style="text-align: justify">According to data from Coinglass, there was a liquidation worth $650,000 on Bonk and $2.3 million on Pepe. This period provided substantial liquidity from sellers, causing price fluctuations.</p> 
<p style="text-align: justify">Last weekend, intense coin activity on the <a href="https://en.coin-turk.com/three-analysts-issue-short-term-bearish-warning-for-solana-sol/" data-wpel-link="internal">Solana</a> and Base networks was followed by a significant movement in Bitcoin, resulting in price increases.</p> 
<h2 style="text-align: justify" id="bonk-price-analysis">Bonk Price Analysis</h2> 
<p style="text-align: justify">BONK price has successfully recovered above the $0.000014 support level recently and immediately jumped above the Fibonacci levels. As of today, buyers are attempting to push the price to the $0.000025 resistance level.</p> 
<p style="text-align: justify">Despite these efforts, as of the time of writing, Bonk’s price has fallen over 1.4% in the last 24 hours, trading at $0.00002045.</p> 
<p style="text-align: justify">The price recovery could occur at an important threshold, the decreasing resistance line. If buyers overcome this price barrier, the BONK/<a href="https://en.coin-turk.com/is-a-big-fall-coming-for-tether-cryptocurrencies-latest-news-and-updates/" data-wpel-link="internal">USDT</a> price level could rise to $0.000029 and then to $0.000042.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-343392" src="https://coin-turk.com/wp-content/uploads/2024/04/bonk-coin-turk-com.png" alt="" width="876" height="349"></p> 
<p style="text-align: justify">If the price support level between $0.000014 and $0.000012 weakens, bears could enter the market and initiate short selling. If this support level is not defended, clear declines could occur in the pair, potentially leading to a critical retreat to the $0.00001 support level.</p> 
<h2 style="text-align: justify" id="pepe-price-analysis">Pepe Price Analysis</h2> 
<p style="text-align: justify">PEPE price appears to be rapidly rising in recent hours, linked to increased buying demand near the emerging $0.0000049 level. Consequently, buyers are now targeting a new high peak in the coming hours above the Fibonacci levels.</p> 
<p style="text-align: justify">If the price sustainably rises above the $0.000009 level, the momentum could shift in favor of the bulls. This situation could lead to a rise to $0.00001 and potentially a second jump to $0.000015.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-343393" src="https://coin-turk.com/wp-content/uploads/2024/04/pepe-fiyat-coin-turk-com.png" alt="" width="879" height="345"></p> 
<p style="text-align: justify">If the price falls below $0.0000049, the PEPE/USDT pair could move towards a drop to $0.0000036. If this region is not defended, the price could potentially fall to $0.0000016.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/recent-trends-in-cryptocurrency-market-and-meme-coins/" data-wpel-link="internal">Recent Trends in Cryptocurrency Market and Meme Coins</a></h5>

Recent Trends in Cryptocurrency Market and Meme Coins

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