BONK Coin Bouncing Back; Analysts Recommend Switching PEPE For 1FUEL (OFT) for 100x Potential
The post BONK Coin Bouncing Back; Analysts Recommend Switching PEPE For 1FUEL (OFT) for 100x Potential appeared on BitcoinEthereumNews.com.
The crypto market is gradually recovering, with several tokens making modest upward moves after recent declines. Among them, BONK and PEPE have caught attention, recording gains of 2.71% and 2.41%, respectively, in the last 24 hours, per CoinMarketCap. However, market optimism in these tokens is low in comparison to the buzz surrounding 1Fuel (OFT), which experts and institutional investors are praising as one of the best cryptocurrencies to buy. Over $940,000 has already poured into 1Fuel’s presale in just a few weeks. In fact, there’s more. BONK gains appear sluggish for investors BONK’s performance in the past 24 hours, rising 2.71%, isn’t sufficient for investors looking to generate significant yields in the market. At press time, BONK is yet to fully recover from its 29.46% loss over the past month. On the weekly time frame, the BONK/USDT chart on Binance shows the asset has re-entered a consolidation phase, trading within a range of $0.00003300 and $0.00003026. BONK is currently hovering near the center of this channel, around $0.00003202, reflecting its steady performance in recent sessions. However, if BONK breaches the lower range of this consolidation at $0.00003026, it could trigger a significant downward move. Based on the price range in the chart, such a drop could result in a potential loss of up to 50.32%, underscoring the importance of holding this critical support level. Smart BONK and PEPE investors are trying to avoid this potential drop by finding a safe haven that would preserve their gains. However, they are faced with limited options. PEPE provides a minor shield but isn’t enough PEPE has demonstrated resilience, showing gains of 2.59% on the daily timeframe and 2.73% over the past week, according to CoinMarketCap. These figures suggest steady interest from buyers entering the market. On the chart, PEPE is forming an ascending…
Filed under: News - @ January 3, 2025 2:28 pm