Immutable

Bonk

Immutable (IMX) and Bonk (BONK) are in the spotlight as the overall crypto market value drops.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Cryptos-Headlines-Token-Airdrop-Is-Live-Claim-Your-Reward-Now-1.png?fit&#61;900%2C200&amp;ssl&#61;1" />In the last day, the total value of all cryptocurrencies worldwide dropped by 0.7% to $1.8 trillion, as reported by CoinMarketCap (CMC). Meanwhile, the combined daily <a href="https://cryptosheadlines.com/unusual-trading-volumes-observed-for-4-altcoins-on-south-korean-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">trading volume</a> for digital currencies rose by 3.7%, reaching over $45 billion, according to CMC.<h3 id="market-movement-analysis-imx-and-bonk">Market Movement Analysis: IMX and BONK</h3>IMX Performance Amidst Market Decline: Despite a downward trend in the overall market, IMX showed resilience by gaining 10.4% over the past 24 hours, reaching $3 in value. Its <a href="https://cryptosheadlines.com/icp-surpasses-shib-in-market-cap/" rel="noopener noreferrer nofollow">market cap surpassed</a> $4 billion, elevating its position to the 21st-largest cryptocurrency. However, its 24-hour trading volume experienced a slight decline of 3.6%, hovering around $224 million. Social volume, as per Santiment data, decreased by 57% within the same period.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-17.webp?resize&#61;640%2C218&amp;ssl&#61;1" />IMX price, social volume and RSI – Feb. 12 | Source: SantimentRSI and Potential Downturn for IMX: IMX’s Relative Strength Index (RSI) surged from 77 to 81.5 in the past two days, indicating a possible impending price downturn attributed to potential whale manipulation. To maintain a bullish stance, IMX’s RSI needs to remain below the 60 mark.BONK’s Performance and Social Volume: Similarly, Bonk (BONK) witnessed a decline in social volume by 31% in the past day. BONK’s RSI dropped from 63 to 59.5 over the last 24 hours, suggesting reduced <a href="https://cryptosheadlines.com/nansen-selling-pressure-on-ether-after-shanghai-upgrade-was-insignificant/" rel="noopener noreferrer nofollow">selling pressure</a> and a lower likelihood of whale manipulation.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Blue-Modern-Profile-Twitter-Header.png?fit&#61;1500%2C500&amp;ssl&#61;1" /><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-13.webp?resize&#61;640%2C218&amp;ssl&#61;1" /><a href="https://cryptosheadlines.com/bonk-price-hits-all-time-high-correction-ahead/" rel="noopener noreferrer nofollow">BONK price</a>, social volume and RSI – Feb. 12 | Source: Santiment<a href="https://cryptosheadlines.com/shiba-inu-faces-threat-from-solanas-bonk-and-jup-as-media-attention-rises-by-56/" rel="noopener noreferrer nofollow">Also Read: Shiba Inu Faces Threat from Solana&#39;s BONK and JUP as Media Attention Rises by 56%</a>BONK’s Price Movement: Despite a bullish RSI, BONK experienced a 10% decline in the last 24 hours, trading at $0.000013. Nonetheless, its <a href="https://cryptosheadlines.com/usdt-market-cap-reaches-record-high-binance-ceo-cz-acknowledges-with-busd-tweet/" rel="noopener noreferrer nofollow">market cap</a> remains above $770 million, maintaining its position as the 87th-ranked cryptocurrency.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.bonk

IMX Surges; BONK Drops: Market Turns Red

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