BONK Price Plunge Hints at Seller Exhaustion
The cryptocurrency market has seen significant fluctuations in recent times, and one of the coins that has been experiencing a downturn is BONK. According to a report from BitRss, BONK has crashed by 10% recently.
This decline raises questions about the future prospects of the coin. However, an indicator suggests that seller exhaustion may be playing a role in this price movement.
The indicator in question is one that hints at a decrease in selling pressure, which could potentially lead to a reversal in the market trend.