Thursday, July 31, 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

Cardano (ADA) Aims Higher – Bullish Setup Hints at New Leg Up
Analysis

Cardano (ADA) Aims Higher – Bullish Setup Hints at New Leg Up

31 July 2025
XRP Price Consolidation Deepens – Resistance Still Capping Upside
Analysis

XRP Price Consolidation Deepens – Resistance Still Capping Upside

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

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

30 July 2025
Ethereum price forecast: Ether’s daily level at $3,730 remains strong
Analysis

Ethereum price forecast: Ether’s daily level at $3,730 remains strong

30 July 2025
BNB Price Corrects Gains After Strong Rally – Is It Just a Healthy Pullback?
Analysis

BNB Price Corrects Gains After Strong Rally – Is It Just a Healthy Pullback?

30 July 2025
XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?
Analysis

XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

30 July 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
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Spot Solana ETF Race: 21Shares Updates Application After US SEC Requests Amendments | Bitcoinist.com

Spot Solana ETF Race: 21Shares Updates Application After US SEC Requests Amendments | Bitcoinist.com

31 July 2025
Bitcoin Whales Bought 1% of Circulating BTC Supply in Past 4 Months – Decrypt

Bitcoin Whales Bought 1% of Circulating BTC Supply in Past 4 Months – Decrypt

31 July 2025
JPMorgan & Coinbase Team Up: Crypto From Rewards Coming

JPMorgan & Coinbase Team Up: Crypto From Rewards Coming

31 July 2025
Altcoins Stay In Danger Zone Until Bitcoin Clears This Level: Analyst

Altcoins Stay In Danger Zone Until Bitcoin Clears This Level: Analyst

31 July 2025
Engineer Arrested After Hackers Loot $44M From CoinDCX

Engineer Arrested After Hackers Loot $44M From CoinDCX

31 July 2025
Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025 – Mining Bitcoin News

Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025 – Mining Bitcoin News

31 July 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)$118,260.000.24%
  • ethereumEthereum(ETH)$3,786.95-0.21%
  • rippleXRP(XRP)$3.10-1.33%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$799.011.06%
  • solanaSolana(SOL)$177.09-1.08%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,782.63-0.29%
  • dogecoinDogecoin(DOGE)$0.217450-1.62%
  • tronTRON(TRX)$0.3285360.67%