BONK’s Short-Term Holders Experience Huge Losses, Will it Continue to Lose Money? (3/2/25)

Updated

March 3, 2025

Gambar BONK’s Short-Term Holders Experience Huge Losses, Will it Continue to Lose Money? (3/2/25)

Jakarta, Pintu News – The cryptocurrency market is often unpredictable, and the cryptocurrency Bonk has recently experienced a significant price drop. Although there is potential for a price increase in the near future, the strong downward trend may still continue.

BONK Recent Trend Analysis

BONK has experienced a sharp decline in recent months. After registering a quick rise in November, short-term holders failed to defend key support levels. This resulted in the BONK price dropping below the November low in early February. Currently, the BONK price has dropped another 23% and has retested the April 2024 support. There is no guarantee that the price will not fall further. Traders and investors should prepare for the possibility of continued price declines.

Short-term Price Expectations

Although there is a possibility of a 15% price surge in the coming days, the downtrend is expected to dominate again. This is indicated by the fair value gap seen in the white box, which extends to $0.0000155.

Short-term holders are currently experiencing extreme losses, as shown by the net unrealized profit/loss (NUPL) value that reached -1.22 and dropped to -1.35 on February 24. Although the NUPL is very low, this does not guarantee that the downward trend will end.

Also Read: The Future of Pi Coin (PI) in the Cryptocurrency World: Will PI Capi $5? Here’s the Technical Analysis !

Other Memecoin Market Influences

In October 2023, Dogecoin increased from $0.056 to $0.092 in December 2023. This increase coincided with the BONK rally, which increased almost 100-fold. This suggests that the rising price of Dogecoin (DOGE) and other memecoin markets may be able to support BONK’s recovery. However, until there is a significant change in conditions, the bearish dominance in the BONK market is expected to continue. Investors should remain vigilant and consider the risks involved before making investment decisions.

Conclusion

In the uncertain world of cryptocurrency, BONK shows how market volatility can drastically affect the value of an investment. Although there is a chance for a short-term recovery, the long-term trend still suggests that the bearishness may still continue. Investors and traders should pay attention to market indicators and move with caution.

Also Read: P i Network Price Plunges 18% After Legal Warning from Vietnam (3/2/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.