Berachain, BNB and Pepe Prices Prepare for Major Comeback
The biggest collapse in history in the cryptocurrency market last Monday eliminated investment worth more than $2 billion. Since then, many Altcoins have dropped sharply from their recent climax, causing major investors to buy them, which could trigger a strong recovery rally. In particular, Bellanain, BNB and PEPE prices may cause altcoin rally in the coming week.
Bitcoin’s struggles below $100k may help altcoins
Bitcoin now controls the cryptocurrency market with a larger share than it has been in nearly four years, with its advantage recently reaching 64.3% before falling slightly to 61.6%. Despite the economic instability, Bitcoin’s price remains relatively stable, and investors are beginning to wonder whether altcoins will rebound soon.
Please read also: Bitcoin fights the hurdles of $100,000: Did the Bull run lose steam?
But if Bitcoin’s advantage drops slightly next week, with the merger level below $100,000, we may see a strong comeback on the altcoin price.
Berachain (BERA) price analysis
Due to the increase in peak sales, Bellasin’s price has been significantly reduced by its all-time high of $15. Currently, Bera’s price is under pressure to fall below the EMA20 trendline, trading at $6.19, down more than 21% in the past 24 hours.
Despite the sharp drop in Bella’s price, there are still signs of accumulation. A strong rebound could occur next week as Altcoin tries to build strong support. The rise above $6.6 will provide buyers with leverage that dominates the price trend and potentially push the BERA price to $10 the next week.
Conversely, if the price is difficult to attract buyer interest immediately in Fibonacci, it may drop further next week, possibly bringing the price below $5.
Binance Coin (BNB) Price Analysis
The price of the Coin Dioxide (BNB) made a solid comeback after the $600 mark after the crash. Currently, BNB is priced at $613, up 5% in the past 24 hours.
The BNB price target is to reach $620 and it may succeed because the RSI level indicates strong buying demand. If the price may exceed $620, it may climb to $640 to $660.
On the other hand, if it is not more than $620, the price may return to the $590-600 support zone that was retested.
PEPE price analysis
Despite the overall buying trend in the cryptocurrency market, Pepe Price has not yet gained the buying momentum it needs. However, Pepe has built strong support and currently targets over $0.00001. As of this writing, the PEPE price is $0.00009569, soaring 2.6% in the past 24 hours.
The PEPE/USDT pair is still below $0.00001, showing great sales pressure from bearish traders. However, buyers may soon break through resistance and push prices higher than the downtrend line. Next week, this could raise the PEPE price to $0.000015.
On the other hand, if the price stays below the EMA20 trendline on the 1-hour chart, the seller can push it to $0.000008.
Since the Relative Strength Index (RSI) is left, $0.00001 may be retested.
