BONK Price Struggles, While Dogecoin And Shiba Inu Eye Bullish Reversals

Amidst the slowdown in the price of Bonk (BONK), fellow memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) have shown bullish potential in the past few days. Meanwhile, with the next bullish season approaching, investors are taking advantage of ETFSwap’s (ETFS) potential for significant gains.

Memecoins Dogecoin (DOGE) And Shiba Inu (SHIB) Show Bullish Potential Despite BONK Challenges

Dogecoin (DOGE) and Shiba Inu (SHIB) have both experienced price surges, indicating the potential for a bullish run among the meme coins. In contrast, the price of Bonk (BONK) has been consolidating within the past week, reflecting the impact of price decreases on altcoins.

The dog-themed meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), were trading at $0.11754 and $0.00001790, respectively, after reaching a low on July 4th, according to data from CoinGecko. Meanwhile, Bonk’s (BONK) price faced resistance at $0.00002700 after a rally on July 4th and is currently trading at $0.00002400.

Over the past few months, Bonk (BONK) has seen a decrease in market capitalization from $3 billion to a disappointing $1.65 billion. According to the CMF indicator, which is used to gauge buying and selling pressure for cryptocurrencies, the CMF value of Bonk (BONK) below zero suggests that sellers are more active, pushing the price further down.

Investors have reacted unfavorably to the consolidation and Bonk’s (BONK) failure to surpass resistance levels from the previous week. This is obvious in the meme coin’s funding rate turning negative, indicating that more capital is flowing out of the token and reflecting bearish sentiment among investors.

Dogecoin (DOGE) and Shiba Inu (SHIB) have surpassed last week’s resistance level, suggesting a potential increase in price for these meme coins, especially Shiba Inu (SHIB). Renowned crypto analyst Trader Tardigrade announced this via X (formerly Twitter) and highlighted Dogecoin’s chart pattern from the past in an X (formerly Twitter) post.

The descending pattern has occurred twice in Dogecoin’s (DOGE) chart pattern in the past. The technical chart pattern signals a downward correction in the overall upward price trend. A breakout above the correction level signals a bullish rally for the token. Tardigrade affirmed that the meme coin is repeating the same pattern and may soon experience a bull run.

ETFSwap (ETFS) Will Dominate The Bullish Season Without a Doubt

ETFSwap (ETFS) integrates Decentralised Finance (DeFi) with ETF trading, allowing traders to enjoy trading tokenized ETFs in a secure environment. Additionally, the platform mirrors the value of traditional ETFs in tokenized versions, allowing investors to expand their reach.

As pioneers in this innovative space, ETFSwap (ETFS) enables users to invest in a wide range of real-world assets through tokenized ETFs, providing increased liquidity and market accessibility. Additionally, ETFSwap (ETFS) facilitates efficient trading and profitability by minimizing slippage and offering tight spreads so buy and sell orders are always taken at the best possible prices.

ETFSwap (ETFS) provides AI-powered analytical tools and real-time market data, empowering users with comprehensive market insights to make informed decisions and respond quickly to market changes. This ensures that traders and investors have greater control over their portfolio investments.

ETFSwap (ETFS) prioritizes user confidence by implementing robust security measures designed to safeguard user information and investments. Additionally, ETFSwap (ETFS) has completed Know Your Customer (KYC) verification conducted by SolidProof, a smart contract security auditing firm. This verification process enhances trust in the platform by confirming the identity of the team, and reassures investors that their investments are in safe hands.

Conclusions

As investors struggle with altcoins and Bonk (BONK), Dogecoin (DOGE) and Shiba Inu (SHIB) offer bullish investment opportunities. ETFSwap (ETFS) is another cryptocurrency gaining attention on social media. Its native coin is currently in presale and is priced at $0.01831. Buy the presale now to access a 50% bonus by using the promo code “ETFS50.”

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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