Dogecoin and Bonk Rally, But Experts Warn of Market Correction

Dogecoin and Bonk Rally, But Experts Warn of Market Correction

The Relative Strength Index (RSI) for Dogecoin suggests a potential price correction. However, there remains room for short-term growth.

Bonk's RSI remains neutral, indicating price stability despite a recent downtrend and weakened bullish momentum.

Increased speculative trading in Dogecoin and Bonk derivatives shows mixed market signals, with liquidations driving potential corrections.

Santiment, a market intelligence platform, reports a surge in discussions surrounding Dogecoin (DOGE) and Bonk (BONK) as both tokens experienced price increases. Market experts caution that when attention shifts towards speculative assets like memecoins, corrections often follow.

Dogecoin Experiences Price Dip

Dogecoin's price has dropped to $0.127748, signaling a potential correction.