Sunday, August 24, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

BONK In Trouble As Sharp Decline Hints At An Impending Pullback

29 September 2024
in Analysis
Reading Time: 3 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


BONK is presently going through turbulent waters as a pointy decline casts a shadow over its latest value efficiency. After a interval of spectacular features, the latest downturn is elevating issues about an impending correction, with mounting promoting strain suggesting that the bullish momentum could also be waning. Because the market sentiment shifts, the crypto neighborhood is left questioning how low BONK may go and whether or not it will probably regain its footing.

With uncertainty within the air, this evaluation goals to investigate the latest sharp decline of BONK and discover the implications for its future value motion. By analyzing key technical indicators, market sentiment, and buying and selling patterns, we goal to evaluate the probability of an impending correction. This piece will present insights into potential help ranges and resistance factors, enabling merchants and buyers to make knowledgeable choices within the face of uncertainty.

Current Efficiency: Analyzing The Decline

Not too long ago, BONK’s value has turned bearish on the 4-hour chart, retracing towards the 100-day Easy Shifting Common (SMA) and shifting above the $0.00001792 help degree. The drop from the overbought zone might sign that merchants are taking income or that purchasing enthusiasm is diminishing ensuing within the pullback.

An evaluation of the 4-hour Relative Power Index (RSI) reveals that the sign line has decreased to 66%, retreating from the overbought territory. This decline suggests a shift in market momentum, indicating that purchasing strain is starting to wane. A retreat from the overbought zone usually alerts that the market could also be experiencing a correction, as merchants who purchased throughout the bullish run would possibly begin to take income.

Moreover, on the day by day chart, BONK is exhibiting unfavorable momentum, as evidenced by the formation of a bearish candlestick, even whereas buying and selling above the 100-day SMA. This case reveals a doable contradiction in market sentiment. Ought to promoting strain proceed and BONK is unable to keep up its place above the 100-day SMA, it could result in a extra important value correction.

BONK

Lastly, on the 1-day chart, the RSI has climbed above 50% and presently sitting at 73%, reflecting sturdy optimistic sentiment and shopping for strain. Though this factors to extra value features, the closeness to the overbought zone will increase the prospect of a reversal if shopping for slows down.

Predictions For The Value Trajectory Of BONK

With technical indicators suggesting an impending pullback, BONK might face a decline in value towards the $0.00001792 degree. If this help is breached, it may open the door to additional losses, doubtlessly pushing the worth right down to $0.00000942 and different decrease ranges.

Nevertheless, if the bulls handle to mount a comeback and push the worth above $0.00002320, the meme coin may proceed its upward momentum towards the following resistance degree at $0.00002962. A profitable breach of this degree might set off further features, permitting the worth to problem different resistance ranges above.

BONK



Source link

Tags: BonkDeclineHintsImpendingPullbackSharpTrouble
Previous Post

LayerZero CEO Bryan Pellegrino Discusses Blockchain Bridge Challenges

Next Post

Altcoin Millionaire Strategy: How to Turn $1,000 Into $500,000 With These 5 Promising Cryptocurrencies by Capitalizing on the 2024 Market Rally!

Related Posts

Analyst Predicts What Will Happen When XRP Price Hits $4, $10, $100, And $1,000
Analysis

Analyst Predicts What Will Happen When XRP Price Hits $4, $10, $100, And $1,000

23 August 2025
Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90% – CoinJournal
Analysis

Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90% – CoinJournal

22 August 2025
Analyst Says XRP Is Going To At Least $5 This Year, Here’s When To Buy
Analysis

Analyst Says XRP Is Going To At Least $5 This Year, Here’s When To Buy

23 August 2025
TON gains momentum with $780 million treasury and Ledger staking integration – CoinJournal
Analysis

TON gains momentum with $780 million treasury and Ledger staking integration – CoinJournal

23 August 2025
Ether could face volatility as markets eye Powell at Jackson Hole
Analysis

Ether could face volatility as markets eye Powell at Jackson Hole

23 August 2025
Hedera price prediction: HBAR eyes $0.25 amid SWIFT blockchain trials
Analysis

Hedera price prediction: HBAR eyes $0.25 amid SWIFT blockchain trials

24 August 2025
Next Post
Altcoin Millionaire Strategy: How to Turn $1,000 Into $500,000 With These 5 Promising Cryptocurrencies by Capitalizing on the 2024 Market Rally!

Altcoin Millionaire Strategy: How to Turn $1,000 Into $500,000 With These 5 Promising Cryptocurrencies by Capitalizing on the 2024 Market Rally!

CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans – Regulation Bitcoin News

CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans – Regulation Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
AUSTRAC Orders Binance Australia to Appoint Auditor Over AML Failings – Regulation Bitcoin News

AUSTRAC Orders Binance Australia to Appoint Auditor Over AML Failings – Regulation Bitcoin News

24 August 2025
What Is a Crypto Sniper? Inside the High-Speed Traders Dominating Meme Coin Launches – Learning – Insights Bitcoin News

What Is a Crypto Sniper? Inside the High-Speed Traders Dominating Meme Coin Launches – Learning – Insights Bitcoin News

24 August 2025
Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means

Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means

24 August 2025
Ethereum’s Tech Edge Could Outshine Bitcoin — Here’s How | Bitcoinist.com

Ethereum’s Tech Edge Could Outshine Bitcoin — Here’s How | Bitcoinist.com

23 August 2025
IRS Loses Top Crypto Enforcer After Only 90 Days on the Job

IRS Loses Top Crypto Enforcer After Only 90 Days on the Job

23 August 2025
Stop treating tokens like payday buttons — they’re infrastructure

Stop treating tokens like payday buttons — they’re infrastructure

23 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$114,952.00-0.75%
  • ethereumEthereum(ETH)$4,767.230.92%
  • rippleXRP(XRP)$3.04-0.62%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$873.08-1.84%
  • solanaSolana(SOL)$207.470.88%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$4,756.220.95%
  • dogecoinDogecoin(DOGE)$0.232940-1.89%
  • tronTRON(TRX)$0.3656971.38%