Solana

mirror

Grayscale Bitcoin Trust

PEPE

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrencies-suffer-ongoing-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrencies Suffer Ongoing Decline</a><br></p>
<p style="text-align: justify">Cryptocurrencies have been unable to bounce back from Friday’s 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 Reserve’s earlier 75 basis point prediction. The forthcoming May inflation <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> will be a crucial trigger. Investors are eyeing coins like BONK, PEPE, DOGE, and BOME to decide on potential buying opportunities during this dip.</p>
<h2 id="will-bonk-coin-rebound">Will BONK Coin Rebound?</h2>
<p style="text-align: justify">The price of BONK Coin, which recently declined from a resistance level of $0.0000292, is now approaching its base at $0.0000218. BONK Coin’s movements closely mirror those of <a href="https://en.bitcoinhaber.net/solana-outshines-peers-in-network-activity-and-fee-generation" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (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, <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> could benefit from setting stops at the initial support level to capitalize on any potential rebound.</p>
<h2 id="can-pepe-coin-maintain-its-support">Can PEPE Coin Maintain Its Support?</h2>
<p style="text-align: justify">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.</p>
<h2 id="investment-insights">Investment Insights</h2>
<p style="text-align: justify">– BONK Coin may fall further if it doesn’t bounce back from $0.0000218.<br> – PEPE Coin holds promise if it maintains $0.0000118 and surpasses $0.0000130.<br> – DOGE might drop to $0.0837 if it continues to lose support.<br> – BOME Coin is at risk of further decline, especially below $0.00816.</p>
<h2 id="what-lies-ahead-for-doge">What Lies Ahead for DOGE?</h2>
<p style="text-align: justify">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.</p>
<h2 id="how-will-bome-coin-react">How Will BOME Coin React?</h2>
<p style="text-align: justify">BOME Coin recently fell below its $0.0103 support and is likely to reach new lows. Despite spiking near $0.0095, bearish pressure remains strong following its Binance listing. Continued selling could drive the price down to the Binance all-time low (ATL) of $0.00816 and potentially to $0.00729.</p>
<p style="text-align: justify">Currently, Grayscale Bitcoin Trust (GBTC) has reported a net outflow of approximately $120 million. If both ETF-related panic and adverse inflation data persist, bears might continue to dominate the market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrencies-suffer-ongoing-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrencies Suffer Ongoing Decline</a></h5>

Cryptocurrencies Suffer Ongoing Decline

Table of Contents

BH NEWS

Other articles published on Jun 11, 2024

All about the memecoin supercycle and Solana’s role

Breaking: Ripple CEO Spotlights Standard Custody Acquisition Amid Stablecoin Plans

Uniswap Labs Elevates Gaming with ‘Crypto: The Game’ Purchase

SEC Adds ProShares’ Spot Ethereum ETF Application

600 Billion SHIB Mysteriously Kicked off Robinhood – What's Happening?

Binance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer Level Security

Join our free newsletter for daily crypto updates!