Price Analysis View Non-AMP

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

Published by
Shayan Chowdhury

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.

BONK And PEPE Lead Memecoin Rally

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 several meme coins, notably Bonk and Pepe, which are leading the surge.

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.

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.

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.

Also Check Out : Memecoins Regain Strength, DOGE Price Building Pressure, While dogwifhat Surges Above 15%

Bonk Price Analysis

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.

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.

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.

Pepe Price Analysis

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.

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.

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.

Shayan Chowdhury

Shayan is a digital nomad and a professional journalist. He delivers high-quality engaging articles to Coinpedia through his in-depth research and analysis.

Recent Posts

XRP News Today: What Ripple Can and Can’t Do After SEC Lawsuit

The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple is finally…

June 28, 2025

Top Pick of June 2025: Early Shiba Inu (SHIB) Holders Are Doubling Down on This Lending Coin

After seeing sky-high returns from early bets on Shiba Inu (SHIB), the meme coin crowd…

June 28, 2025

XRP is ‘Better Version of Bitcoin,’ Says Ripple Co‑Founder Chris Larsen

Ripple co-founder Chris Larsen recently shed light on XRP’s origins during an episode of the…

June 28, 2025

PENGU Coin Price Prediction: Is This the Next Dogecoin Killer?

PENGU, the Solana-based memecoin inspired by the Pudgy Penguins NFT brand, is seeing a dramatic…

June 28, 2025

Is XRP a Good Investment in 2025?

The XRP lawsuit case has been one of the biggest spotlights in crypto over the…

June 28, 2025

Pi2Day Kicks Off with New Pi Network Announcements, Pi Coin Price Remains Bearish

Pi2Day 2025 is finally here, and to mark the occasion, Pi Network has announced a…

June 28, 2025