Pepe and Bonk were leading the memecoin price recovery as they have seen significant price increases in the last 24 hours.
The memecoin recovery is underway with some of the assets leading the charge. It remains to be seen if others will recover soon.were not spared from the downturn. However, in the last 24 hours, Pepe and Bonk have outpaced the market, leading the memecoin recovery., which has the largest market cap among memecoins, declined by over 15% over the previous seven days and nearly 1% in the last 24 hours.Despite this short-term uptick, they remain in the red over a longer time frame.
The chart indicated that the memecoin’s value rose by over 5%, trading at around $0.00001137. As of this writing, it has increased again by almost 3%, now trading at around $0.0000131.Also, the recent climbs have pushed it into a bull trend. An analysis of its Relative Strength Index indicated that it had crossed slightly above the neutral line, signifying a weak bull trend as of this writing.
As of this writing, Bonk was trading with an almost 6% increase. The chart indicated that it was close to climbing above its yellow line, which has served as resistance until now.An analysis of Bonk’s Relative Strength Index showed that it was currently below the neutral line. However, as of this writing, it was approaching the neutral line, indicating that the bear trend was weakening.Adewale is a full-time journalist at AMBCrypto.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PEPE vs BONK: Which memecoin is leading the charge?Pepe and Bonk have been experiencing price uptrends in the last few days, and traders have kept their sentiments positive.
Read more »
3 Altcoins to outperform Ethereum: Pepe (PEPE), Rollblock (RBLK) and Polygon (MATIC)Discover the top 3 altcoins poised to outshine Ethereum (ETH) this year: Pepe (PEPE), Rollblock (RBLK) and Polygon (MATIC).
Read more »
BONK price prediction: Why a 7% dip is likely before the next rallyBONK has a bullish market structure on the 1-day timeframe but the lack of volume could be concerning despite the breakout.
Read more »
BONK’s next move: Price prediction indicates a 40% hikeThe technical indicators were bullish but the CMF's readings slightly dented the otherwise positive BONK price prediction.
Read more »
BONK price prediction: Decoding if the memecoin can cross its ATHBONK price prediction showed a massive jump in Open Interest rates in the futures market. Will this pull up spot prices to a new ATH?
Read more »
BONK steals the spotlight from Solana: A 5x hike incoming?The price of Bonk [BONK] increased by 20.04% in the last 24 hours, driving the token rallied to a new all-time high. The price increase
Read more »