The cryptocurrency markets have been through a remarkable turbulence that has sent token prices such as BONK to a downside in the last 24 hours. This adjustment has emitted a doubtful question in the mind of investors whether current loss is temporary or the beginning of a more sustained downward trend. BONK/USD 1-Day price chart […]
The post Crypto Rollercoaster as BONK, WIF, PEPE, FLOKI Plummet – What’s Next? appeared first on Coin Edition.
- Market indicators suggest potential oversold conditions for BONK, WIF, PEPE, and FLOKI.
- Traders should exercise caution and seek additional confirmations before acting on potential buying opportunities.
- The bearish momentum indicated by MACD and RSI underscores market volatility and uncertainty.
The cryptocurrency markets have been through a remarkable turbulence that has sent token prices such as BONK to a downside in the last 24 hours. This adjustment has emitted a doubtful question in the mind of investors whether current loss is temporary or the beginning of a more sustained downward trend.
BONK/USD 1-Day price chart (Source: Trading view)
BONK, at the price of $0.000014 has dropped in value by 16.74% in the last 24 hours. The RSI of BONK is at 33.01, showing that the asset is on the verge of being oversold by the indicator. Additionally, the MACD indicator shows a bearish trend in the short term, with the MACD line trading below the signal line.
WIF/USD 1-Day price chart, Source: Trading view
While WIF price plummeted by 16.64% based on the latest Coinmarket data and $2.54 per token, the RSI for WIF was reported at 44.37 which suggests t…
The post Crypto Rollercoaster as BONK, WIF, PEPE, FLOKI Plummet – What’s Next? appeared first on Coin Edition.
