CandleFocus This Week in Meme Coins: Double-Digit Losses for PNUT, GOAT, but Not BONK
2024-11-22
Author: Content Editor
In this weekly analysis of meme coins, it is observed that some tokens experienced gains while others suffered losses. PNUT and GOAT were underperformers, with significant price drops, while BONK defied market trends and performed well. PNUT's price decrease could be attributed to selling pressure, but its oversold status suggests a potential rebound. GOAT's price decline is due to waning interest in AI-themed meme coins, and technical indicators suggest further downside. On the other hand, BONK saw a price increase due to the announcement of token burning, but it faces resistance in further growth.
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