BOND Grows to $2.26 – Time to Accumulate?

BarnBridge (BOND) tried a rally within the final 24 hours previous $2.26.

Nonetheless, the low shopping for quantity has didn’t maintain the uptrend, and the value is retreating once more. Within the final 24 hours, BOND has dropped by round 1% to $2.20.

BOND has additionally posted diminished buying and selling volumes. Within the final 24 hours, BOND volumes have reached $5.6 million. The market capitalization has additionally dropped to $20 million.

BarnBridge began to achieve because the broader market entered a bullish section amid information about Grayscale profitable its lawsuit towards the US Securities and Alternate Fee (SEC).

The renewed confidence throughout the broader crypto market ignited BOND’s bounce from all-time lows. A brand new report low might seemingly be created if BOND’s falling momentum persists.

Based on the corporate, BarnBridge will likely be delisted from the Coinbase change on September 6. The delisting might see BOND make one other downtrend.

We often monitor the property on our change to make sure they meet our itemizing requirements. Based mostly on latest opinions, we are going to droop buying and selling for BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), & Voyager (VGX) on September 6, 2023, round 9AM PT.

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

BOND Makes an attempt Rebound Previous All-Time Lows

Within the final 30 days, BOND has dropped by 29%. The token presently sits at a 98% drop from its all-time highs created almost three years in the past.

BOND’s month-to-month excessive stands at $3.08, created on August 13. It has didn’t reclaim these ranges all through the month, and by August 28, an all-time low of $2.04 was fashioned.

Because the cryptocurrency market rallied yesterday, BOND tried a rally to the $2.27 stage. The beneficial properties have seen BOND bounce by 6% from its all-time ranges.

Small cash are likely to pump when there’s a bullish motion within the broader market. The failure of BOND to publish important beneficial properties reveals weakening purchaser confidence.

BOND Fails to Maintain Rally, Drop To New All-Time Low Probably

BOND didn’t maintain the latest bullish beneficial properties, and a reversal is forming.

BOND has tried to interrupt previous a crucial resistance stage of $2.19 within the final 24 hours, however the weak shopping for stress is stopping additional beneficial properties.

A false breakout noticed the value rally to $2.27, however this stage was swiftly rejected.

The Relative Power Index (RSI) at 29 reveals elevated promoting stress. Nonetheless, the RSI line is tipping north, indicating sellers are exhausted, and the downtrend may reverse.

The Shifting Common Convergence Divergence (MACD) is within the adverse zone, indicating a bearish pattern.

The MACD histograms are within the adverse space however fading, displaying weakening momentum.

New SONIK Presale Powers Previous $760,000

The SONIK presale is gathering momentum, with simply six days left. Greater than $760,000 has up to now been raised, with 1 SONIK token buying and selling at $0.000014.

The SONIK presale will finish when a tough cap of $2.09 million has been attained. Sonik Coin seeks to grow to be the quickest meme coin to succeed in a market cap of $100 million.

As soon as the laborious cap is met, SONIK will likely be launched on the Uniswap change. The itemizing might see the meme coin make notable beneficial properties.

One of many options setting Sonik other than different meme cash is stake-to-earn. 40% of the full provide has been put aside for staking rewards.

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

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