The prices of FLOKI, LUNA, and BONK coins continue to fluctuate, garnering interest from analysts. What are the forecasts for the near future and key support levels?
FLOKI: Rise and Fall
Despite a 150% surge following the November elections, FLOKI Coin price has decreased by 45% from its peak. The popular meme coin is losing prior support levels, potentially falling to a low of $0.000148. Volatility is anticipated ahead of the U.S. market opening on Friday, driven by key economic data releases.
LUNA Analysis
Negative sentiment surrounding BTC is also affecting LUNA Coin. If today's closing is below $0.397, LUNA's price could drop to $0.3. Project founder Do Kwon is awaiting his sentencing for last year, with 6 Terabytes of evidence to be reviewed, potentially substantiating fraud allegations.
BONK Coin Overview
BONK Coin remains a key player in the Solana ecosystem, despite unfavorable short-term conditions. It holds a significant support level at $0.0000290 and currently trends towards the $0.0000248 level reached in December. In extreme oversold conditions, new lows between $0.00002510 and $0.00001714 could be seen. Recovery requires reclaiming the $0.00003437 level.
Investor sentiment is key in light of changes in key cryptocurrency prices. Understanding current support levels may help in determining future market actions.
