en
Back to the list

Pepe, Bonk, and Floki Price Analysis: Can the Rally Continue?

source-logo  coinedition.com 07 November 2024 16:08, UTC

Pepe Coin (PEPE), Bonk (BONK), and Floki (FLOKI) have seen notable price movements recently. While these memecoins have had their prices fluctuate, questions remain about whether they can sustain their momentum or if a reversal is coming.

Pepe Coin (PEPE) Shows Resilience Amid Recent Surge

Pepe Coin has shown a 10.02% increase over the past 24 hours, with its price currently at $0.00001037. The market cap now stands at $4.36 billion, while the 24-hour trading volume has surged to approximately $1.34 billion, suggesting renewed interest among traders.

A support level has formed around $0.0000095, which was recently tested before rebounding, indicating strong buying interest at this price point.


Source: Coinmarketcap

On the other hand, the $0.000011 mark has been a resistance level that limited recent upward movement. Breaking past this level could continue the uptrend. But if the price falls below $0.0000095, the trend may reverse, signaling potential bearish activity.

Bonk (BONK) Consolidates

Bonk’s recent price action shows a slight decline of 1.44%, positioning its current value at $0.00002205. Its market cap is $1.65 billion, with a trading volume of $235.37 million over the past 24 hours.

Source: Coinmarketcap

This volume is considerably lower than previous peaks, indicating moderated trading activity. The support level for BONK is approximately $0.0000220, which has been tested several times, showing that buyers are defending this range.

Read also: Meme Coins Rally: PEPE, WIF, FLOKI, POPCAT, SUNDOG Soar

The resistance near $0.0000233 has been a barrier, as the price experienced rejections at this point. If BONK can break above this resistance, it may pave the way for further gains. Conversely, a decline below the $0.0000220 support could trigger a deeper correction, signaling a potential shift toward bearish territory.

Floki (FLOKI) Shows Slight Gains

Floki has seen a 1.16% increase over the past day, trading at $0.0001405. The market cap has reached $1.35 billion, and the 24-hour trading volume is about $236.24 million, showing a small decline.


Source: Coinmarketcap

The price has found consistent support around $0.0001380, which has been tested multiple times and reinforced as a reliable floor. This level has prevented significant drops, suggesting stability.

Resistance is at $0.0001480, where recent upward momentum stopped. If FLOKI breaks past this level, the token may enter a renewed bullish phase. But a dip below $0.0001380 could mean a deeper pullback.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

coinedition.com