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BONK rebounds after selling, PEPE tests key resistance-What is the next trend of popular Meme coins?

2026-07-21 12:36:47
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BONK and PEPE are back in sight, but for different reasons.

BONK and PEPE have once again become the focus of the market, but they face completely different situations. BONK prices rebounded after a sharp sell-off, while PEPE prices entered key resistance areas. After depositing 800 billion BONK, the relevant address deposited the remaining 2.4 trillion BONK into Coinbase. Despite this, BONK prices have begun to recover, showing growing trader interest, while PEPE has hit the neckline of a bullish pattern. The next thing to pay attention to is whether these popular memes can maintain a healthy upward trend and escape the impact of the bear market.

BONK Price Analysis: Can bulls continue to rebound?

BONK prices showed early signs of recovery after a long-term decline, forming a double bottom pattern on the 4-hour chart and recovering from it. After buyers held onto the $0.00000280 area many times, this pattern pushed BONK back into the resistance range of $0.0000310 to $0.0000315. This area is consistent with the recent break below key order blocks that previously served as support.

The RSI has rebounded from oversold territory to around 47, indicating that bullish momentum is building despite remaining below the neutral 50 level. At the same time, trading volume increased during the latest rebound, indicating that buyers are actively participating in the recovery rather than being driven by low liquidity alone. Prices are still below multiple upper resistance levels formed during the recent sell-off, which means that bulls need to continue to increase volume above US$0.0000315 to negate the current bearish structure. Failure to recover this area may trigger another round of correction to around US$0.0000290, and the recent double bottom support remains a key level that needs attention.

PEPE Price Analysis: Bulls Test Key Breakout Areas

PEPE prices have steadily regained momentum in the past few weeks and are currently testing key resistance areas around US$0.0000290. This level has repeatedly limited the rebound of tokens, making it a key area for determining the next trend of PEPE. On the daily chart, PEPE has formed a series of round bottom shapes or inverted head and shoulder shapes. If you successfully break through the resistance zone, it may trigger a new round of upward trend.

The RSI has risen to around 60, indicating that buying pressure is building but has not yet entered overbought territory. At the same time, CVD turned positive, indicating that spot buyers are becoming more active. This improvement in momentum, combined with positive growth in spot demand, usually helps continue to rise, especially if resistance levels are breached by heavy volume. The $0.00000290 resistance is the current immediate obstacle, and the next important supply area is near $0.0000314. If the daily closing price breaks through these levels, it may verify the round bottom pattern and open up room for further gains. On the contrary, if it is blocked again, it may lead to a short-term correction to the US$0.0000275 to US$0.0000260 support area, after which the bulls will try to break through again.

Summary: How will these two memecoins develop next?

BONK and PEPE are both close to technically critical levels that may determine their short-term price movements. As the overall sentiment in the crypto market improves, these two memocoins may experience higher volatility in the next few trading days. However, traders should wait until their respective resistance levels are confirmed to break through before acting, because failure to break through may trigger a new round of consolidation before a change in direction occurs.

Disclaimer:

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