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Memecoin Market Mixed: Pepe and Floki Surge While Bonk and Bome Wobble

Published 05/31/2024, 07:00 PM
Updated 05/31/2024, 07:45 PM
Memecoin Market Mixed: Pepe and Floki Surge While Bonk and Bome Wobble

  • PEPE surges 5.66% from support, reaching $0.00001503 as market cap grows by 5.60%.
  • FLOKI rebounds with a 1.17% increase despite a 21.96% drop in trading volume.
  • BONK rallies 2.14%, maintaining bullish control after testing $0.0000358 resistance.

Pepe (PEPE) price has been mooning in the last 24 hours after finding support at the intra-day low of $0.00001319. Bulls wrecked the bear trend, soaring the price to an intra-day high of $0.00001503 before hitting resistance. As of press time, PEPE was trading at $0.0000145, a 5.66% surge from the support level.

During the bull run, PEPE’s market capitalization and 24-hour trading volume surged by 5.60% and 1.44%, respectively, to $6,101,284,450 and $2,150,287,689. If the bulls break through the intra-day high of $0.00001503, the resistance levels to watch are $0.000016 and $0.000017. However, if the bears flips the script and push the price below the current support level of $0.0000145, the next levels to watch out for are $0.000014 and $0.000013.

PEPE/USD 24-hour price chart (source: CoinMarketCap)

However, the memecoin market has shown mixed reactions, with PEPE and FLOKI seeing an upswing while other …

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