BarnBridge Price Prediction: BOND Grows to $2.26 – Time to Accumulate?

BarnBridge (BOND) attempted a rally in the last 24 hours past $2.26.

However, the low buying volume has failed to sustain the uptrend, and the price is retreating again. In the last 24 hours, BOND has dropped by around 1% to $2.20.

BOND has also posted reduced trading volumes. In the last 24 hours, BOND volumes have reached $5.6 million. The market capitalization has also dropped to $20 million.

BarnBridge started to gain as the broader market entered a bullish phase amid news about Grayscale winning its lawsuit against the US Securities and Exchange Commission (SEC).

The renewed confidence across the broader crypto market ignited BOND’s bounce from all-time lows. A new record low could likely be created if BOND’s falling momentum persists.

According to the company, BarnBridge will be delisted from the Coinbase exchange on September 6. The delisting could see BOND make another downtrend.

We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), & Voyager (VGX) on September 6, 2023, around 9AM PT.

— Coinbase Assets 🛡️ (@CoinbaseAssets) August 23, 2023

BOND Attempts Rebound Past All-Time Lows

In the last 30 days, BOND has dropped by 29%. The token currently sits at a 98% drop from its all-time highs created nearly three years ago.

BOND’s monthly high stands at $3.08, created on August 13. It has failed to reclaim these levels throughout the month, and by August 28, an all-time low of $2.04 was formed.

As the cryptocurrency market rallied yesterday, BOND attempted a rally to the $2.27 level. The gains have seen BOND bounce by 6% from its all-time levels.

Small coins tend to pump when there is a bullish movement in the broader market. The failure of BOND to post significant gains shows weakening buyer confidence.

BOND Fails to Sustain Rally, Drop To New All-Time Low Likely

BOND failed to sustain the recent bullish gains, and a reversal is forming.

BOND has attempted to break past a critical resistance level of $2.19 in the last 24 hours, but the weak buying pressure is preventing further gains.

A false breakout saw the price rally to $2.27, but this level was swiftly rejected.

The Relative Strength Index (RSI) at 29 shows increased selling pressure. However, the RSI line is tipping north, indicating sellers are exhausted, and the downtrend might reverse.

The Moving Average Convergence Divergence (MACD) is in the negative zone, indicating a bearish trend.

The MACD histograms are in the negative area but fading, showing weakening momentum.

New SONIK Presale Powers Past $760,000

The SONIK presale is gathering momentum, with just six days left. More than $760,000 has so far been raised, with 1 SONIK token trading at $0.000014.

The SONIK presale will end when a hard cap of $2.09 million has been attained. Sonik Coin seeks to become the fastest meme coin to reach a market cap of $100 million.

Once the hard cap is met, SONIK will be launched on the Uniswap exchange. The listing could see the meme coin make notable gains.

One of the features setting Sonik apart from other meme coins is stake-to-earn. 40% of the total supply has been set aside for staking rewards.

Over 26 billion SONIK has been staked even before the presale ends.

Related Articles:

• BarnBridge Trading Volume Halves as Coin’s Attraction Wanes. Experts Are Shifting to This Meme Coin
• BarnBridge DAO Goes Into Shutdown Over SEC Investigation
• BarnBridge Price Prediction: Could The Bond Coin Recover Soon?

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