BONK Price Analysis and Prognosis
Bonk price has experienced an 11% decline in the last 24 hours, trading for $0.0000211. This comes after a 65% drop in trading volume. Despite a 1,200% gain in the previous month, there are signs pointing to a potential crash in BONK.
Major Trading Analysis Starting From The New Year
Traders are on high alert regarding the memes coin and its potential drop in price. Experts are predicting it could plunge by 50% in the next 4 to 6 weeks. Several other analysts are also expecting a significant drop in the Bonk price anytime soon.
BONK Price Prognosis As Analysts Speculate A Correction In BONK
After a 40% rejection from the $0.0000350 peak of the market range, BONK has experienced declines and is projected to fall even further based on the Relative Strength Index (RSI).
According to trading analysis, BONK could further decline to test new support levels at $0.0000151, $0.0000118, or an even worse support level. However, a new surge could drive prices back up, with the potential to reclaim the range high at $0.0000350.
BONK Alternatives Worth Considering
If you’re looking for alternatives amidst the uncertainty of BONK, consider BTCETF and BTCMTX. BTCETF is closely linked to Bitcoin ETFs and is garnering attention in the lead-up to anticipated approvals. On the other hand, BTCMTX offers staking rewards and decentralized cloud mining for Bitcoin and is also gaining traction.
Hot Take
It is important to stay well-informed and consider alternative options as the crypto market continues to be unpredictable. Join our Telegram channel to stay up to date on breaking news coverage and find the best alternatives for your investments.
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