The post Crypto Price Prediction For December 29th: BONK, KAS, SEI appeared on BitcoinEthereumNews.com.

Crypto Price Prediction: With a major cryptocurrency showing stability at a high level, the market sentiment shows a spark of upcoming recovery. Published 13 hours ago Crypto Price Prediction: In December a majority of major cryptocurrencies witnessed notable correction amid the increasing market uncertainty. However, with the second largest cryptocurrency Ethereum projecting a strong bounce back, the altcoin market is projecting sustainability at higher levels. In the last 24 hours, tokens line Bonk(BONK), and Kaspa(KAS) Sei(SEI) have shown the highest intraday growth, reflecting the potential for uptrend continuation. Additionally, there’s a rising wave of optimism surrounding the potential approval of the Bitcoin Spot ETF, fueling expectations for a robustly bullish market in 2024 The glocal cryptocurrency market capitalization currently stands at $1.67 trillion, reflecting a 1.46% decline from the previous day. Meanwhile, the total volume of cryptocurrency transactions over the past 24 hours amounts to $73.96 billion, marking a 10.34% reduction. Also Read: Historical Trends Suggest Bitcoin Bull Cycle Will Continue Until This Year Healthy Retracement Hints BONK Price Could Regain $0.00003 BONK Price| TradingView Chart The Solana-based meme cryptocurrency BONK has recently undergone a significant correction, retracing from its peak at $0.000035. Over a span of two weeks, the BONK price experienced a 61.53% drop, eventually finding support at $0.0000135. This level is notably aligned with the critical 61.8% Fibonacci retracement level. As the market stabilizes, the BONK price is showing signs of a resurgence. Currently trading at $0.000016, the coin has seen an impressive intraday increase of 12%, forming a ‘Morning Star’ candle pattern. This pattern, emerging at the robust 61.8% FIB support suggests a potential bullish reversal which could overcome the immediate resistance at $0.0000175. Should this bullish trend continue, we may see the BONK price aiming for successive targets: initially at $0.0000126, followed by $0.0000267, and…

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Filed under: News - @ December 30, 2023 1:20 am