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Crypto Market Experiences Weak Volumes and BTC Searches for New Lows

Release: 2024/08/28 07:44 Reading: 654

Crypto Market Experiences Weak Volumes and BTC Searches for New Lows

Crypto Market Experiences Weak Volumes and BTC Searches for New Lows

Cryptocurrency trading volumes remain subdued, with total exchange volume hovering below $70 billion. Despite a return to normal levels in the fear index, Bitcoin (BTC) continues to test new lows, recently reaching a 24-hour low of $61,189.

BONK Coin Analysis

BONK Coin's price has struggled to maintain momentum in recent trading sessions. The coin has established support at $0.0000178 but faces potential downside risks if the decline accelerates. Should a significant sell-off occur, $0.00001303 could be revisited.

PEPE Coin Analysis

Similar to BONK Coin, PEPE Coin is a newly launched meme coin that has attracted investor attention. The coin currently holds support at $0.00000786 but could retest $0.00000696 if BTC experiences a sharp decline.

LUNA Coin Prediction

LUNA Coin has faced obstacles in its recovery efforts since losing its $0.553 support level. The coin has been hovering around $0.36, with downside risks persisting. If the downtrend continues, $0.25 could be retested.

The information provided in this article is for informational purposes only and should not be construed as investment advice.

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