Crypto prices had a strong week, with most assets bouncing back after months of decline. The Crypto Fear and Greed Index has moved to the neutral zone of 56, while Bitcoin soared to $95,000 for the first time in over a month. This article looks at some of the top-performing cryptocurrencies, including Bonk (BONK), Brett (BRETT), Solayer (LAYER), and Pepe Coin (PEPE).
Bonk price prediction
Bonk, the second-biggest player meme coin in the Solana ecosystem, staged a strong comeback this week. This jump was in line with the performance of other Solana meme coins like Fartcoin, Pudgy Penguins, and Dogwifhat, which have all soared by double digits.
Bonk price jumped after forming a double-bottom pattern, a popular bullish continuation sign. The double-bottom was at $0.00008820, while its neckline was at $0.00002000.
Bonk has rebounded above the neckline, a sign that bulls are in control for now. It also jumped above the 50-day Weighted Moving Average (WMA), while most oscillators have pointed upwards.
Like other altcoins, Bonk rose after forming a falling wedge pattern in the previous few months. This pattern comprises two falling and converging trendlines, and is a popular bullish sign.
Bonk price has retreated slightly after retesting the 23.6% Fibonacci Retracement level. Therefore, the most likely situation is where the coin drops and retests the double-bottom’s neckline at $0.00001545, and then resumes the uptrend. The target will be the 50% retracement level at $0.000034, up by 90% from the current level.
Read more: Crypto weekly recap: is Bitcoin headed for $100K? TRUMP and SUI up over 75%
Solayer price technical analysis
Solayer, a top restaking platform on Solana, has jumped sharply in the past few weeks, moving from a low of $0.5890 in March to a record high of $3 this week. This rally brought its market cap to over $560 million. As it jumped, the token moved above the upper side of the ascending channel.
Solayer price has remanded above the 50-period moving average, while oscillators have continued rising. However, it has formed a doji candlestick pattern, which is characterized by a thin body and long upper and lower shadows, and is a popular reversal sign. Therefore, the coin may resume the downtrend and retest the psychological point at $2.
Brett price prediction
Meanwhile, like Bonk and Solayer, Brett, the biggest meme coin in the Base network, staged a strong comeback this week. It formed a double-bottom pattern at $0.0255 and then rebounded to a high of $0.071. It has already crossed the neckline at $0.0420 and retested the 23.6% retracement level.
Brett price has moved above the 50-day moving average, while the Relative Strength Index and the MACD have soared. The MACD has jumped above the zero line and is pointing upwards, while the RSI has moved above the overbought level.
Therefore, the token will likely retest the neckline at $0.0420 and then resume the uptrend, potentially to the 50% retracement level at $0.13.
Pepe price prediction
The daily chart shows that the price of Pepe mirrors that of other meme coins. Pepe bottomed at $0.000005837. It has is about to move above the neckline at $0.0000092, its highest level on March 26.
The MACD indicator has moved above the zero line, while the RSI is nearing the overbought level. Also, the Awesome Oscillator has crossed the zero line, which is often seen as a highly bullish pattern.
Therefore, the coin will likely continue rising, with the next important resistance at $0.000015, up by 63% above the current level. A drop below the support at $0.000009170 will invalidate the bullish outlook.
Read more: Pepe coin price prediction: 3 reasons this meme coin will surge
The post Crypto price predictions: Bonk, Brett, Solayer, Pepe Coin appeared first on Invezz
