Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»BONK Is Heading To Coinbase – Here’s What You Need To Know
ALTCOIN NEWS

BONK Is Heading To Coinbase – Here’s What You Need To Know

By Crypto FlexsDecember 13, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BONK Is Heading To Coinbase – Here’s What You Need To Know
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 14, 2023


  • Coinbase announced plans to list BONK.
  • Bearish sentiment devastates the spot market as demand for BONK declines.

Following its inclusion in KuCoin in late November, leading cryptocurrency exchange Coinbase announced plans to list dog-themed token BONK on its platform.

The price of BONK soared to an all-time high of $0.000014 shortly after it was listed on KuCoin. Due to the “Coinbase Effect”, many token holders are expecting another rally period following BONK’s final exchange listing.

What should we expect in the meantime?

Although still up 22% last week, BONK is down 30% from its all-time high hit on December 9th.

At press time, the altcoin was trading at $0.000009829. CoinMarketCap showed it Despite the news that Coinbase has decided to list the altcoin, its value has plummeted 24% in the last 24 hours.

Source: CoinMarketCap

Demand for BONK has declined significantly over the past 12 hours while accumulation continues among spot market participants. A reading of the token’s momentum indicator observed on the 12-hour chart revealed this.

At press time, BONK’s Relative Strength Index (RSI) and Money Flow Index (MFI) are trending downward and poised to breach their respective central lines. This shows that selling pressure is starting to outpace BONK accumulation.

Moreover, Chaikin Money Flow (CMF), which signals a decrease in liquidity inflow into the BONK market, was 0.02 and almost fell into negative territory at the time of reporting.

If an asset’s CMF value is 0.02 and is trending downward, it indicates that funds are flowing out of that asset. This is a sign that positive sentiment towards the asset is losing momentum and the price is likely to fall further.

The token’s Moving Average Convergence/Divergence (MACD) indicator returned a red histogram bar for the first time since the start of the month, confirming the rise in bearish sentiment.


Realistic or not, the market cap of BONK in BTC terms is:


AMBCrypto found that the MACD line crossed below the trendline on December 12th. Whenever this happens, it signals that upward momentum may be weakening and a downtrend may begin.

Many investors believe that now is a good time to consider selling or shorting an asset to reduce its price.

Source: BONK/USDT on TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

How SJMine Transforms Daily Crypto News Into Passive Profits

October 11, 2025

Ethereum price plunge creates opportunity for 13% rebound

October 11, 2025

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Building Tomorrow’s Wealth With Tokenized Gold

October 9, 2025

Dreamcash Celebrates 100,000 Waitlist Signups With Exclusive $50k Giveaway Series

October 9, 2025

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How SJMine Transforms Daily Crypto News Into Passive Profits

October 11, 2025

Ethereum price plunge creates opportunity for 13% rebound

October 11, 2025

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025
Most Popular

Why did Alabama’s securities chairman withdrew the case about Coinbase

April 27, 2025

Five spot Ethereum ETFs, including Fidelity, will launch on July 23, exchange Cboe said in a statement.

July 19, 2024

Ether Leeum Foundation’s Vision | Ether Leeum Foundation Blog

May 22, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.