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CoinGape

BONK Price at Risk of Losing 180-Day Support as Traders Seek More Discount

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Summary
Nutrition label

66% Informative

BONK price recorded an 8% jump on Tuesday , witnessing a short relief rally from a recent market sell-off.

Average Directional Index (ADX) has surged to 19% , indicating that sellers are emerging as the dominant force in the current market.

The average OI-Weighted Funding Rate of -0.0028 , signaling traders are paying to hold short positions.

The ADX Indicator's uptick at 19% signals strength in bearish market momentum.

A potential rebound could uplift the asset by over 30% to target $ 0.0000266 .

VR Score

47

Informative language

36

Neutral language

43

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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