Today's largest fall in Crypto Assets price forecast: Bonk, Sonic, Fartcoin lead the risk of decline, and the market shows signs of a pullback again.

The cryptocurrency market has recently experienced a significant pullback, with a liquidation amount exceeding 350 million USD within 24 hours, and market panic emotions are rising. Bonk (BONK), Sonic (S), and Fartcoin (FARTCOIN) have become the leaders in this round of decline, with a double-digit fall. Technical signals continue to deteriorate, and downward risks are increasingly intensifying. This article will analyze the latest market trends of the three popular coins, key support levels, and future market outlook, assisting investors in grasping the bull-bear reversal points.

BONK falls below key support, may test 200-day EMA

BONK continued its downward trend from Tuesday, falling another 2% on Wednesday, and has now broken below the 50% pullback level of 0.00002350 USD. If the closing price cannot stabilize at this level, the downward target will point to the 200-day EMA at 0.00002134 USD. The MACD line continues to decline, indicating an increase in bearish momentum, with the RSI at 40, gradually approaching the oversold area. If it can rebound from 0.00002350 USD, there is a chance to test the 61.8% Fibonacci level of 0.00002958 USD in the short term, but the overall trend remains bearish.

Sonic Downward risk intensifies, support level is precarious

Sonic's current price continues to fall, dropping nearly 2% again on Wednesday, forming a clear descending wedge pattern. The target support level is 0.2494 USD, the lowest since June 22. The RSI indicator has dropped to 33, close to the oversold area, and both the MACD and signal line are in the negative territory, indicating strong bearish momentum. If it cannot break through 0.2932 USD in the short term, the rebound momentum will be limited, and further declines should still be monitored in the future.

Fartcoin falls below 1 dollar, focus on 0.73 dollar support

Fartcoin fell over 6% on Wednesday, continuing a two-day decline, breaking below $1 and the 200-day EMA. The current target looks down to the 50% pullback level at $0.73. Although the MACD indicator shows that bearish momentum has slightly weakened, the RSI is only at 37, indicating明显不足的购买压力. If there is a subsequent rebound, attention should be paid to the $1.16 resistance level of the 50-day EMA, but the overall market atmosphere remains bearish.

Overall market sentiment is bearish, short-term pullback needs to focus on key resistance

The current round of the Crypto Assets market is experiencing a decline, with technical indicators and derivatives data simultaneously releasing risk signals. BONK, Sonic, and Fartcoin are all facing critical support level tests; if they cannot stabilize, it may trigger a new wave of sell-off. Investors should closely monitor technical indicators and the changes in bull-bear momentum, flexibly adjusting their operational strategies.

Conclusion

The downtrend risk in the Crypto Assets market is intensifying, with Bonk, Sonic, and Fartcoin leading the decline and becoming the market focus. Both technical signals and market sentiment are bearish, and a short-term rebound requires breaking through key resistance levels. It is recommended that investors respond cautiously and continue to monitor market dynamics and bull-bear reversal points.