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Crypto volumes remain weak, with total exchange volume staying below $70 billion. Although the fear index has returned to normal levels, BTC is searching for new lows. Recently, it hit a new 24-hour low at $61,189. So, what are the current predictions for BONK, PEPE, and LUNA Coin?
BONK Coin Analysis
As markets close negatively, Asian markets typically see accelerated sell-offs at the opening. We will see what happens in the coming hours. BONK Coin price has formed long upper wicks in new peak attempts but is holding the $0.0000178 support. If a rapid decline occurs, it could revisit $0.00001303.
The popular meme coin will experience its first bull season, and investors are keeping the price well above the support level. Although alternatives like DOGE and SHIB attract more interest, more speculative, low-market-cap assets like BONK continue to garner attention.
BTC closing below $61,700 is negative for the coming days and hours. If the PCE data falls below expectations this week, buyers might be motivated. However, with DXY at a 52-week low, the fact that crypto is negatively diverging within risk markets hits us hard.
PEPE Coin Analysis
Similar to BONK Coin. PEPE Coin, being a new meme coin, has investors waiting hopefully. This is not surprising, and if historical data repeats, they might see returns. For now, $0.00000786 is maintained as support. However, if BTC drops rapidly, PEPE Coin could retest its long-term support at $0.00000696.
For the uptrend to continue, $0.00000931 needs to turn back into support. Investors hopeful for the last quarter aim to surpass $0.0000139 and reach a new ATH target of $0.00001733.
LUNA Coin Prediction
Speculative rises post-collapse have offered good profit opportunities for some investors. However, LUNA Coin has struggled to recover after losing its $0.553 support. Do Kwon is under house arrest after numerous failed extradition attempts. The new CEO came with promises of a good start but failed to deliver. Billions of dollars in fines were imposed. Consequently, LUNA Coin is lingering around $0.36 for logical reasons.
If the decline continues, $0.25 could be retested, and new ATL levels might be set below it.
