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
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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