BONK & PEPE are back in focus, but for different reasons. While the Bonk price rebounds after a heavy sell-off, Pepe’s price enters a key resistance zone. After depositing 800 billion BONK, the drainer has deposited the remaining 2.4 trillion BONK into Coinbase. Despite this, the price has begun to recover, signalling a rise in the trader’s interest, while PEPE has reached the neckline of a bullish pattern. Now it’s time to watch whether these popular memecoins can maintain a healthy ascending trend and rise above the bearish influence.
BONK Price Analysis: Can Bulls Extend the Recovery?
The BONK price is showing early signs of recovery after a prolonged downtrend, with the token rebounding from a double-bottom formation on the 4-hour chart. The pattern, formed after buyers repeatedly defended the $0.00000280 region, pushed BONK back toward the $0.00000310-$0.00000315 resistance zone. This aligns with a key order block that previously acted as support before the recent breakdown.
The RSI has rebounded from oversold conditions and climbed to around 47, indicating bullish momentum is strengthening even though it remains below the neutral 50 level. Meanwhile, trading volume has increased during the latest rally, suggesting buyers are actively participating in the recovery rather than the move being driven solely by low liquidity. The price is still trading below several overhead resistance levels created during the recent sell-off, meaning bulls need a decisive breakout above $0.00000315 with sustained volume to invalidate the prevailing bearish structure.
Failure to reclaim this zone could trigger another pullback toward $0.00000290, with the recent double-bottom support remaining the key level to watch.
PEPE Price Analysis: Bulls Test a Crucial Breakout Zone
The PEPE price has steadily rebuilt momentum over the past few weeks and is now testing a critical resistance zone around $0.00000290. The level has repeatedly capped the token’s recovery, making it a decisive area that could determine PEPE’s next major move. On the daily chart, PEPE has formed a series of rounded-bottom patterns or inverse head & shoulders patterns. A successful breakout above the resistance zone could trigger a fresh ascending trend.
The RSI has climbed to around 60, indicating strengthening buying pressure without yet entering overbought territory. At the same time, the CVD has turned positive, showing that spot buyers are becoming increasingly active. This combination of improving momentum and positive spot demand often supports sustained rallies, particularly if resistance is broken with convincing volume. The $0.00000290 resistance remains the immediate hurdle, with the next significant supply zone located near $0.00000314.
A daily close above these levels could validate the rounded-bottom formation and open the door for further upside. Conversely, another rejection could lead to a short-term pullback toward the $0.00000275-$0.00000260 support region before buyers attempt another breakout.
The Bottom Line: What’s Next for These 2 Memecoins?
BONK and PEPE are both approaching technically significant levels that could shape their short-term price action. With broader crypto market sentiment improving, both memecoins could see increased volatility in the coming sessions. However, traders should wait for confirmed breakouts above their respective resistance levels, as failure to do so could trigger another round of consolidation before the next directional move.
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