BONK price recovery – Traders may be ‘buying the dip,’ but…
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The memecoin BONK's recent price recovery stalled, creating uncertainty among traders. Despite the brief recovery, questions remain about the sustainability of this surge. Traders might be buying the dip, yet it is unclear whether this strategy will yield long-term benefits, given the inherent volatility of memecoins like BONK.
The short-lived wave indicates a cautious sentiment among investors who are still weighing the risks. Observers are keenly watching developments to gauge the potential for a more sustained recovery or further downturns.
Source: ambcrypto.com ↗
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