đ±đ„Top Meme Coins With Huge Potential: SHIB BONKđđ
#BONK Price Slipped Below Main Trendline; Letâs Explore
According to the technical chart, the $BONK price has dropped below the major trend line. A death crossover has been generated between the key moving averages.
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An immediate bounce back from this level would become a fake breakdown, likley trapping most sellers. After the liquidity grab, strong buying pressure can be anticipated.
Sellers may dominate further if the Bonk crypto price is below the trendline. As we can see, the cryptocurrency market is bearish, which might negatively impact the Bonk price.
#SHIB Crypto has Witnessed a Correction of 70%; Could It Rebound?
The technical chart suggested that the Shiba Inu price has undergone a correction phase of over 70%. It has witnessed a slow and steady fall for the past few months and failed to exceed the 20-day EMA.
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Moreover, the price over the 200-day EMA could invite buyers for the long term, and trading volume may also play a vital role. Suppose the digital asset price smashes the $0.0000300 hurdle; investors might be attracted.
As per the chart structure, the $SHIB
price was trading at the last swing low. It would be a bearish signal if the sellers drag the price below this mark. Here, sellers may be tempted to achieve this yearâs low.
