However, if selling pressure intensifies, the correction could be unusually steeper. If the prices of the cryptos maintain the momentum seen in the last 24 hours, then a surge could be a reasonable inference in the short-term. SHIB and DOGE also projected a similar trend, suggesting that the bullish bias explained above could be contested. For DOGE and BONK, it was a similar situation as the same rose to 2.675% and 1.136%, respectively. AMBCrypto also analyzed the Relative Strength Index (RSI) which indicates momentum. However, if buying momentum returns to its heights, these predictions could be validated. At the time of writing, DOGE’s RSI reading had dropped after hiking initially – A sign of buying pressure slowing down.

Crypto Trading Time

SHIB, Dogecoin, BONK price predictions – What’s in store this weekend? 11.09%, and BONK lost a whopping 17.56% of its value on the charts. Memecoins were not left out as crypto prices suffered significant declines over the last seven days. In this article, AMBCrypto will examine if these memecoin prices might be able to sustain their recent hikes. AMBCrypto’s analysis predicts that the memecoins may end the weekend on a positive note. However, the last 24 hours have brought some sort of respite as all three cryptocurrencies appreciated a tad.

The next thing we did was to check the volume. Like Dogecoin, SHIB’s volume dropped too. DOGE’s volume, at press time, had significantly fallen from the peak on 3 April. However, this forecast might be hasty considering that anything could change before the weekend comes to a close. Therefore, the price prediction for the weekend might be nowhere close to the peak of the first week in March. For BONK, it was also the same situation.

However, we will not focus on the technical part. For those unfamiliar with it, social dominance measures whether a coin is the primary focus of traders’ discussions or not. To start, let’s look at the social dominance. Instead, we will address the forecast for the weekend from an on-chain perspective. In terms of the price, this reading might make SHIB more volatile than others with a low social score. This is a sign that the token has been getting popular in the media, compared to the first few days of the week. As such, increased buying pressure might make gains incredibly higher.

There are exotic pairs, which involve a major currency combined with a minor currency, such as EUR/CZK, USD/PLN, and GBP/MXN. AUD/SGD, EUR/NOK, and AUD/NZD all count as regional pairs. The world’s most-traded currency, by far, is the US dollar; it experiences more than $5 trillion worth of trading volume per day, according to figures from the Bank for International Settlements (BIS). Then there are regional pairs, which are named for different geographic regions, for example, Australasia or Scandinavia.