Memecoin Shines Again: Pepe, Bonk, and GME Price Predictions This Week

Bittime - June opened with impressive rallies for several popular memecoins. So, this article will discuss the price predictions for Pepe, Bonk and GME for this week.

The significant increase in buyer interest caused their prices to soar. One of the important events that helped trigger the increase was the return of the legendary figure "Roaring Kitty" (Keith Gill), who managed to soar the price of the GME memecoin.

In addition, the significant price fluctuations that occurred in Pepe and Bonk last week indicate the potential for further price increases in the coming week.

Memecoin Returns to Popularity Amid Volatility

Last week, the GME memecoin operating on the Solana blockchain experienced an unexpected price increase. This sparked optimism (a positive outlook) on the prices of Pepe and Bonk, prompting analysts to revise their predictions for the memecoin market in the coming week.

Pepe Price Analysis and Prediction

Pepe's price has experienced high volatility (fluctuation) in the last few days. The price was stuck in the resistance range (upper limit of price movement) $0.000015 (around IDR 0.24) before dropping to the lowest level $0.0000116 (around IDR 0.187).

However, buyers managed to maintain this level and currently Pepe's price is around $0.00001235 (around Rp. 0.19). This token fell more than 10% in the last 24 hours.

Buyers are trying to maintain momentum to push the price past the descending resistance line. Although the $0.000016 (around Rs 0.25) level may be a challenge, analysts expect the price to break through the level.

If successful, the PEPE/USDT pair has the potential to rally (rise sharply) towards strong resistance at $0.0000173 (around Rp. 0.27).

On the other hand, if sellers (market participants who want to reduce prices) succeed in stopping this upward movement, they must immediately push the price below the 50-day SMA (Simple Moving Average) at $0.0000112 (around IDR 0.18).

Failure to maintain this level could make the PEPE/USDT pair fall to $0.00000889 (around IDR 0.14) and the crucial support level (lower limit of price movements) at $0.00000772 (around IDR 0.12).

Bonk Price Analysis and Prediction

Bonk price is currently moving close to its moving average. This indicates minimal trading activity.

Previously, Bonk failed to break the $0.000033 level (around Rp. 0.54) and fell below the nearest Fibonacci channel. This led to consolidation (price movement within a certain range) at around $0.000028 (around Rp. 0.45).

When this article was written, Bonk's price was at $0.0000284 (around IDR 0.46), up more than 3% in the last 24 hours. A decline in moving averages and RSI (Relative Strength Index) at medium levels indicates the potential for further price decline.

However, a break and closing of the price above the current consolidation could signal a bullish revival (uptrend in price), potentially pushing the BONK/USDT pair towards the resistance level of $0.0000369 (around IDR 0.59). Stronger buying pressure could take the price to the level of $0.000048 (around Rp. 0.77).

Conversely, a drop below the $0.000024 (around Rs 0.39) support line could invalidate the bullish pattern, potentially pushing the pair down to the $0.000017 (around Rs 0.27) support level to test the buyers' strength.

GME Price Analysis and Prediction

The price of GME experienced a remarkable recovery, surging from a low of $0.013 (around Rp. 211) to $0.018 (around Rp. 290). However, sellers are still trying to keep the price from crossing the resistance line.

So, buying momentum was slightly hampered. When this article was written, the price of GME was at $0.017 (around Rp. 270), up more than 10% in the last 24 hours.

Technical indicators like the 20-day EMA is showing a slight upward movement at $0.016 (around Rs 260), and the RSI (Relative Strength Index) is hovering above the midline, indicating dominant buying pressure.

If the price manages to recover from its current position, it has the potential to soar towards the $0.032 level (around IDR 520) and even reach a new all-time high.

However, if the sellers manage to push the price below the support of $0.012 (around Rp. 190), the GME/USDT pair may pull back to the crucial support at $0.008 (around Rp. 130) to test the strength of the buyers.

Conclusion

The memecoin market is showing signs of revival with impressive rallies (price increases) in several popular tokens. Pepe and Bonk, in particular, are attracting investors' attention with the potential for significant price increases.

Although short-term price movements are still influenced by volatility, analysts are optimistic that memecoin still has the opportunity to continue growing in the weeks to come.

However, it is important to remember that the crypto market is full of risks and there are no absolute guarantees about future price movements. Always do your own research before investing in crypto and never invest more than you can afford to lose.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.