Bonk and Pepe prices made a strong bullish breakout this week as a sea of green spread in the crypto industry. Pepe has jumped in the past four straight weeks, reaching a high of $0.0000022, its highest swing since May 8th. It is having the longest weekly streaks on record and has risen by over 255% from its lowest point in September.
Bonk, on the other hand, has risen to $0.000014 and is hovering at its highest level since January 8th of this year. This recovery happened as part of Solana’s ecosystem. SOL has risen for two straight days and is nearing its highest level in 2024.
Bonk price forecast
Bonk, the biggest meme coin in Solana’s ecosystem, has been under pressure in the past few months. It has remained in a deep bear market as it crashed by over 58% from its highest point in 2023.
This performance has mirrored that of Solana, which has struggled to retest its highest point in December this year.
There are signs that Bonk has bottomed and that a bullish breakout may happen soon. In the daily chart below, the token has formed a slanted double-bottom pattern, which is one of the most bullish signs.
Bonk has also moved to the key resistance point at $0.0000146, its highest swing on Valentine's Day. It has soared above the 50-day moving average while the Relative Strength Index (RSI) has jumped above the neutral point. The MACD is still sitting at its neutral level.
Therefore, I suspect that the ongoing crypto surge will lead to more gains in the coming days. If this happens, it will open the possibility that the token will continue rising as buyers target its all-time high at $0.000035. This target means that Bonk has a 141% upside.
Pepe price prediction
Pepe, the popular meme coin, has had a strong performance in the past few days. The token has jumped in the past four straight days as it moved from strength to strength. As it jumped, it moved above the important resistance point at $0.00000175, its highest level in December. By flipping that level, Pepe invalidated the double-top pattern that has been forming.
Pepe has remained comfortably above the 50-day and 100-day Exponential Moving Averages (EMA), signaling that bulls are in control. The RSI and MACD indicators have pointed upwards, which is a sign of a bullish momentum.
Therefore, the outlook for the Pepe token is bullish, with the next point to watch being at $0.0000025. If this happens, it means that it could gain by double digits soon.
Contributors
