Bonk holders abandon BONK and support Pepecoin

圖片來源：Medium

BONK token price has fallen by 9.35% in the past 24 hours and is currently trading at $0.00031, trying to hold on to the moving average resistance. The previous indirect cost price of $0.00033 encountered a strong rebound, causing the price to fall back 10.45% in the short term. This adjustment put BONK under renewed pressure at the regional resistance level at the 20-day moving average (20DMA), which suppressed prices over the weekend.

However, with solid support at $0.00003, BONK bulls maintain the technical structure and target a break above the highs. Resistance on the 20 DMA is currently at $0.0000315, which is a key level to watch closely in the short term. The RSI indicator shows that momentum has weakened due to the recent pullback, with the indicator reading at a neutral 49.33, which may be a potential bullish signal.

Overall, the 20DMA may play a decisive role in the short term, and any further decline may trigger another sharp decline in BONK price. However, while BONK holders are hesitant, another project is standing out in the retail investment market with impressive traction – Pepecoin.

Pepecoin is currently trading at $0.008596, and considering its utility and future market potential, PEPU appears to be quite a bargain at these levels. Its pre-sale has attracted widespread attention from investors, and Pepecoin has raised $4,841,505 and is about to reach the $5 million milestone.

Pepecoin is a simple cryptocurrency with significant goals. It aims to provide a scalable layer 2 blockchain solution to the PEPE ecosystem, similar to the layer 2 capabilities Shibarium brings to Shiba Inu.

This means that, for developers looking to develop meme coins within the PEPE ecosystem, there is an opportunity for investors to become pioneer investors on the cutting edge of layer 2 scaling technology.