PEPE & BONK- Will they make headlines again?Without a doubt, BINANCE:PEPEUSDT and BINANCE:BONKUSDT are two of the most loved meme coins these days.
While I don't recommend trading them with scared money , there's certainly money to be made, especially given their technical nature.
In Pepe's case, as illustrated on the chart, there was over half a year of accumulation, forming what appears to be an inverted head and shoulders pattern. This pattern led to a significant surge in the coin's value, resulting in a new all-time high and a gain of around 13X in just three weeks.
Following this surge, there was a normal correction that halted precisely at the 50% Fibonacci retracement level. At this point, it's likely that the correction is over, and we could anticipate another upward movement.
Considering a similar rise in the future, we might expect another 10-fold increase.
BONK:
Had also a strong 5X rise at the end of February, followed by a correction after making the ATH that is nicely aligned with the horizontal support.
Also here the correction seems over and a new strong leg up could follow.
Keep in mind the nature of the coins and trade ONLY what you can afford to lose!!!