Cryptocurrency

Dogecoin (DOGE) Could Enter Major Correction in “Ghost Month” But This BONK Competitor is Up 30%

By Lisa Walter

Posted on August 2, 2025

Dogecoin (DOGE) Could Enter Major Correction in “Ghost Month” But This BONK Competitor is Up 30%

After a remarkable month-long rally, the BONK and Dogecoin prices are now in a slump, and analysts expect a significant correction in August. Crypto investors have always reduced trading activity during August, giving it the name of “Ghost Month”.

However, a rising BONK rival, Unilabs Finance (UNIL), has continued to show strength by raising over $8 million and gaining 30% despite the market slump. Experts believe presales of emerging projects such as Unilabs Finance provide a rare opportunity for exponential growth despite broader market sentiment.

Increasing Selling Pressure Signals Dogecoin Price Correction

Last month, the Dogecoin price moved past the $0.25 resistance level after nearly five months of rejection. Yet it quickly broke down and has now entered a downtrend, dropping over 22% in the past 10 days.

It is currently trading at $0.22, just above the $0.21 key support level, and has experienced an intraday surge of 1.8%. With the declining action, the Dogecoin price has corrected to its 200-day moving average (MA). It could potentially bounce from this MA if buying pressure returns.

Increasing Selling Pressure Signals Dogecoin Price Correction

Image Source: CoinMarketCap

However, the MACD oscillator shows rising selling pressure, which signals the likelihood of further price correction. If the Dogecoin price slides below the immediate support, the next significant supports are at $0.185 and $0.168. If the broader market turns bearish, DOGE could drop even lower to $0.15.

BONK Plummets As Upward Momentum Fades

The BONK price nearly tripled between late June and mid-July, beating most meme coins in the market. After this tremendous surge, BONK entered a triangular consolidation pattern as trading activity subsided. Some investors speculated a continuation of the rally with a breakout from the triangle’s upper trendline, but instead, the price broke down below.

Image Source: CoinMarketCap

At the time of writing, BONK is holding on to the $0.000028 support, resisting further correction. However, due to the sudden bearish movement, many investors have already liquidated their holdings and are now investing in assets driven by real-world utility rather than pure hype-based coins.

Unilabs Finance (UNIL): Demand For AI Beats BONK’s Hype

While the Dogecoin price enters a corrective phase after a rally, Unilabs Finance resumes its steady rise in presale. Unlike BONK and DOGE, UNIL is a utility token whose growth is powered by the rising demand for AI investment tools.

As the crypto market is shifting to projects with real-world utility, Unilabs Finance is one of the best prospects. The project is utilizing AI technology to revolutionize DeFi asset investments for retail traders.

The platform has a built-in AI Market Pulse that perpetually scans all the projects in the crypto market and allocates users’ capital based on their investment plans to grow their portfolios.

Unilabs Finance also has a 12-tier rewards system, which distributes 30% of all platform revenue based on investment in the UNIL presale.

Here are the most common entries and corresponding rewards:

Tier 1 (Entry 500,000 $UNIL tokens): 0.10% of the reward pool.
Tier 2 (Entry 1,000,000 $UNIL tokens): 0.51% of the reward pool.
Tier 3 (Entry 2,000,000 $UNIL tokens): 0.20% of the reward pool.
Tier 4 (Entry 3,500,000 $UNIL tokens): 0.30% of the reward pool.

UNIL is currently priced at $0.0085 in presale stage 5, offering investors to get in at a discounted price and earn a quick return by the end of the presale.

Conclusion

The BONK and Dogecoin prices are in a downtrend as the “Ghost Month” begins, but Unilabs Finance is rapidly gaining investors’ confidence, surpassing over $8 million in presale.

Unilabs Finance is addressing the growing need for AI integration in investment tools and offers investors an opportunity to get in early through its presale. Driven by a growing user base in an investment platform, the native token UNIL has the potential to rise exponentially after listing.