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The Bonk 2.0 price plunged 23% in the last 24 hours to trade at $0.00000003642 as of 00:38 a.m. EST on trading volume that dropped 19% to $3.9 million.
This comes amid a flash crypto crash with Bitcoin slumping almost 10% over the last four days, dragging altcoins down with it.
Bonk 2.0 Price Aims For A Trend Reversal Over The Falling Wedge
In less than two days since its launch, the Bonk 2.0 price has been falling within the boundaries of a falling wedge pattern, but shows signs of a breakout.
BONK2.0 trades below the 50-day Simple Moving Average (SMA), which coincides with the current price trend as it continues to fall.
Additionally, the Relative Strength Index (RSI) is moving to the north from the oversold levels currently at 40, which may indicate some growing buying pressure. If the bulls start up a bullish rally, the RSI could climb past the 50-midline level, which could indicate rising investor optimism.
The Average Directional Index (ADX) shows a very strong trend as the bulls aim to reverse the trend. Additionally, the Stochastic Oscillator 14 3 3 line (blue) crosses below the trigger line (orange), supporting the current price retrace.
Bonk 2.0 Price Prediction
The Bonk 2.0 price analysis shows that the price is currently on a downtrend but shows every sign of a rebound to the upside, supported by the formation of the falling wedge pattern, putting the current target at $0.000000060.
Additionally, the Stochastic Oscillator and the RSI have entered the oversold regions. This may signal a potential price reversal to the upside, as investors might look to increase their purchases.
However, if the bears continue to exert more pressure, BONK2.0 may fall further to the next support zone at $0.00000002694.
Meanwhile, as the BONK2.0 bulls search for entry points to propel the price higher, investors are also flocking to the 5thScape presale.
5thScape: World’s First AR/VR Ecosystem
5thScape (5SCAPE) is the first-ever AR/VR mixed-reality crypto platform, adding crypto tokenization as a means to connect “the smartest minds together.”
🚀 Embark on a journey beyond imagination with 5th Scape! 🌈 From 3D adventures to play-to-earn excitement, it's not just gaming—it's a universe of possibilities. 🚀 Invest now for a front-row seat to the next digital frontier! 🌐 #BeyondGaming #5thScapeAdventure pic.twitter.com/qCleJYoRrO
— 5th Scape (@5th_scape) January 19, 2024
The project continues to gain massive traction within the crypto space with its presale already amassing over $1.5 million as it hurtles towards a $2.5 million target.
Join us NOW!!!!!#cryptocurrency #Token #5thscape pic.twitter.com/yNEeQrrbP1
— 5th Scape (@5th_scape) March 16, 2024
The development team is committed to creating several VR games compatible with popular headsets, including Oculus Rift and Meta Quest 3. This move will ensure 5thScape achieves maximum market penetration.
Earn Passively With 5thScape’s Web3 Games, 365% Returns
You can easily earn passive income by participating in 5thScape’s Web3 games through the platform’s play-to-earn feature. The team already has plans to include MMA Cage Contest, Thrust Hunter, Immersive Kickoff, and Archery Master.
We are excited to reveal the first look of the characters of our upcoming VR game, Cage Conquest! Meet the fighters who will challenge you in the ultimate UFC experience. Which one is your favorite? #CageConquest #5scape #Crypto #Bybit $NVDA #Ethereum $SYS pic.twitter.com/PUUdsbWWIi
— 5th Scape (@5th_scape) February 21, 2024
YouTuber Michael Wrubel is bullish on the token, and says it has the potential to be the next Sandbox. He says it has the potential to explode between 100X and 200X on launch.
The team has priced $5SCAPE to launch at $0.01. Buying at the current price of $0.00215 means investors will have locked in gains of 365% before listing.
If you think that’s too good a deal to pass up, join the presale by swapping ETH, MATIC, USDT, or BNB for 5SCAPE tokens with a digital wallet on the official site. Or buy directly with a bank card.
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