Thursday, July 24, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Market & Analysis

Meme Coin BONK Faces Price Correction: Can Bulls Regain Control?

n70products by n70products
January 18, 2025
in Market & Analysis
0
Meme Coin BONK Faces Price Correction: Can Bulls Regain Control?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


BONK, the colourful meme coin, is encountering a value correction after a robust bullish run, elevating questions on the way forward for its uptrend. Whereas pure after a surge, the pullback has prompted hypothesis on whether or not bulls can regain management and steer the coin again towards its current highs.

Regardless of the dip, BONK nonetheless exhibits indicators of resilience, with key assist ranges holding agency. A rebound from these zones may reignite shopping for curiosity and set the stage for one more rally. Nevertheless, a failure to carry these vital ranges may sign a deeper correction, giving bears the higher hand.

The following transfer for BONK will rely upon the stability of market sentiment and technical components. If bulls return with sufficient momentum, the coin may shortly get better, solidifying its place within the meme coin area. For now, the market watches carefully to see if this correction is a mere pause or the start of an extended downturn.

BONK Bullish Run Stalls: What Led To The Pullback?

BONK’s bullish run has hit a roadblock, with the worth experiencing a short lived pullback after a powerful rally. This slowdown seems to stem from profit-taking by early investors, coupled with elevated selling pressure close to key resistance ranges. Moreover, an absence of contemporary shopping for strain has contributed to the stall as merchants await clearer indicators for the subsequent transfer.

Exterior market components reminiscent of broader cryptocurrency tendencies and shifts in danger urge for food may additionally have performed a job within the dip. Regardless of the setback, BONK stays inside a wholesome correction part, and its means to carry key assist ranges can be essential for figuring out whether or not the bulls can regain management and revive the uptrend.

BONK

Technical indicators counsel that BONK’s momentum is cooling after its current bullish run. The Relative Power Index (RSI) exhibits a decline from overbought ranges, signaling a lower in shopping for strain.

This cooling part signifies that the rally could also be dropping steam as bulls battle to take care of the uptrend. Nevertheless, this doesn’t essentially sign a bearish reversal; as a substitute, it may replicate a pure pause or consolidation earlier than the subsequent main transfer. Merchants ought to monitor these indicators carefully to evaluate whether or not the meme coin is poised for restoration or a deeper correction.

Potential Rebound Zones For Worth Restoration

As BONK undergoes a value correction, potential rebound zones are rising that may function key areas for recovery. The $0.000002962 is the primary vital degree to look at since a bounce right here may set off renewed shopping for curiosity. If this degree holds, it could pave the best way for the token to retest resistance ranges close to $0.000004002.

One other attainable rebound space lies across the $0.000002320 mark, a stronger assist zone from previous buying and selling exercise. A restoration from this degree would counsel sustained confidence amongst bulls, setting the stage for a broader upward transfer.

BONK



Source link

Tags: BONKBullsCoinControlCorrectionFacesMemePriceRegain
Previous Post

Ethereum’s market analysis – Whale actions, staking, and more…

Next Post

Bitcoin Price Could Surpass $200,000 In 2025, Blockchain Firm Sets Target

Next Post
Bitcoin Price Could Surpass $200,000 In 2025, Blockchain Firm Sets Target

Bitcoin Price Could Surpass $200,000 In 2025, Blockchain Firm Sets Target

Leave a Reply Cancel reply

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

Premium Content

Mapping Bitcoin’s road to $98K – Analyzing key hurdles, odds of a rebound

Mapping Bitcoin’s road to $98K – Analyzing key hurdles, odds of a rebound

May 4, 2025
The Blockchain Group Pushes Institutional Crypto Wave in Europe

The Blockchain Group Pushes Institutional Crypto Wave in Europe

June 10, 2025
All about Ethereum Foundation’s ‘Trillion Dollar Security’ initiative

All about Ethereum Foundation’s ‘Trillion Dollar Security’ initiative

May 16, 2025
Bitcoin Stalls At $46,000 Despite Record ETF Day: Here’s Why

Bitcoin Stalls At $46,000 Despite Record ETF Day: Here’s Why

January 12, 2024
U.S. stockpiling Bitcoin – What happens to BTC’s supply now?

U.S. stockpiling Bitcoin – What happens to BTC’s supply now?

March 7, 2025

Pepe Coin Soars 250% – Will March Bring More Surprises?

March 2, 2024

Recent Posts

  • Crypto ATMs were just banned in New Zealand: Here’s why it matters
  • I’ve tested dozens of tablets and this is the first Android model to truly replace my iPad Pro
  • XRP Price Trims Gains After Rally – Is This Just a Healthy Correction?

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Crypto ATMs were just banned in New Zealand: Here’s why it matters

Crypto ATMs were just banned in New Zealand: Here’s why it matters

July 24, 2025
I’ve tested dozens of tablets and this is the first Android model to truly replace my iPad Pro

I’ve tested dozens of tablets and this is the first Android model to truly replace my iPad Pro

July 24, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version