LetsBONK.fun Surpasses Pump.Fun in Daily Revenue, Token Prices Fluctuate

LetsBONK.fun has emerged as a notable player in the launchpad industry, surpassing Pump.Fun in terms of daily revenue despite the latter's initial token sale. This development has sparked interest in the LetsBONK.fun ecosystem, leading to an analysis of three key tokens within this ecosystem for the third week of July.

USELESS, one of the tokens in the LetsBONK.fun ecosystem, is currently trading at $0.271, within a range of $0.222 and its all-time high (ATH) of $0.338. The token is approximately 25% away from its ATH, indicating potential for further growth. Despite a slow week, USELESS shows signs of an uptrend, with the Parabolic SAR indicator positioned below the candlesticks, suggesting potential for further upward momentum. If this trend continues, USELESS could surpass its ATH of $0.338 and push towards the $0.400 resistance, offering bullish prospects for holders. However, if investor sentiment shifts and selling pressure increases, USELESS could face a decline, falling below the support of $0.222 and potentially dropping to $0.182, invalidating the bullish outlook and highlighting the risks associated with market volatility.

HOSICO, another token in the LetsBONK.fun ecosystem, reached a new ATH last week at $0.077 but has since dropped to $0.047, standing about 62% away from reaching its ATH again. The 50-day EMA positioned well below the candlesticks suggests that HOSICO is likely to maintain its position above the support level of $0.040, indicating a possibility for the altcoin to regain upward momentum and gradually rise back toward its previous ATH. However, if HOSICO breaks through the support at $0.040, it could fall below $0.034, invalidating the bullish outlook and suggesting that market sentiment has shifted and the previous uptrend may be reversed.

LETSBONK, the native token of the LetsBONK.fun ecosystem, is currently down 12%, with its price standing 126% away from its ATH of $0.259. Despite this, the altcoin experienced a 44% surge in the last 24 hours, demonstrating its ability to rebound. Trading at $0.114, LETSBONK is holding above the support level of $0.090. To reach the ATH, the altcoin must overcome a key resistance at $0.187. Breaching this barrier would likely trigger a fresh rally, pushing the token closer to its all-time high. With the RSI sitting in the bullish area above the neutral mark, it is likely LETBONK will rise. However, if LETSBONK faces selling pressure in the coming days, it may fail to hold the support at $0.090, causing a significant drop to $0.041 and invalidating the bullish outlook.