đ„ Crypto and Memes Suffer Ongoing Decline
Cryptocurrencies have been unable to bounce back from Fridayâs downturn, and the short-term trend will become clearer within the next 24 hours. The possibility of a rate cut by December has decreased considerably. Even the scenario of a 50 basis point cut seems unlikely, despite the Federal Reserveâs earlier 75 basis point prediction. The forthcoming May inflation data will be a crucial trigger. Investors are eyeing coins like BONK, PEPE, DOGE, and BOME to decide on potential buying opportunities during this dip.
đž Will #BONK Coin Rebound?
The price of BONK Coin, which recently declined from a resistance level of $0.0000292, is now approaching its base at $0.0000218. BONK Coinâs movements closely mirror those of Solana (SOL). If BONK Coin fails to bounce back from this base support, it might drop further to $0.0000138. Given the risk of breaking the short-term uptrend, investors could benefit from setting stops at the initial support level to capitalize on any potential rebound.
đž Can #PEPE Coin Maintain Its Support?
PEPE Coin continues to hold its $0.0000118 support, suggesting a possible test of its all-time high (ATH) level. If it bounces back with strength, driven by upcoming developments, the coin could reclaim the $0.0000147 mark, provided it closes above $0.0000130. This offers a more optimistic outlook compared to BONK Coin.
đž Investment Insights
â BONK Coin may fall further if it doesnât bounce back from $0.0000218.
â PEPE Coin holds promise if it maintains $0.0000118 and surpasses $0.0000130.
â DOGE might drop to $0.0837 if it continues to lose support.
What Lies Ahead for #DOGE ?
DOGE bulls have failed to sustain the $0.153 level, leading to new potential lows at $0.124 and $0.116. Should the decline persist, the price could continue its downward trajectory to $0.0837, where its last significant rise began.
