Bonk Price Prediction: BONK Rises 11% Amid New Honk Challenge But Experts Say This Presale Could Become The Next Meme Coin King.

adminJanuary 27, 2024

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bonk price rapidly increase It is up more than 11% in the last 24 hours as buyers re-enter the BONK chart, trading at $0.00001164 as of 9 AM EST.

BONK Challenged with New Solana Meme Coin

The rise of tokens comes with a new meme coin, make cryI’m trying to challenge BONK for Solana meme coins. best. In the last 24 hours, the underdog has outperformed BONK, recording a gain of nearly 52% at $0.01936.

BONK has grown explosively by more than 10,535% since its launch on December 25, 2022, so HONK still has a lot of room to make up. Honk has soared 675% since its launch on January 19th. BONK currently ranks 86th among the cryptocurrencies with the largest market capitalization, while HONK has fallen to 2,294th.

Bonk price has crossed a stronger bearish trend line.

TradingView Charts

BONK/USDT 4-hour chart (Source: TradingView)

Bonk price has broken through the medium-term negative trend line on the chart for the last 8 hours. This is a major bullish development, as Meme Coin has been suppressed by this trendline since December 15, 2023.

Bonk As a result, it may rise to $0.0000192765 in the coming days. Due to continued buying pressure, Bonk price may rise to $0.0000290295 in the near term. A potential confirmation of this bullish thesis could be if Meme Coin closes three consecutive 4-hour candles above $0.0000128480 in the next 24 hours.

On the other hand, a break below the $0.0000088550 support level in the next 48 hours could invalidate this bullish argument. In this alternative scenario, Bonk price may fall to the subsequent support at $0.0000031115 in the next few days.

Buyers can continue to push Bonk prices higher

Technical indicators on the 4-hours chart of BONK show that buyers are currently in the upper hand and may try to push the Bonk price higher in the coming days. The RSI (Relative Strength Index) line is located above the SMA (Simple Moving Average) line. This technical flag indicates that bulls have an advantage over bears.

BONK’s The positive trend may continue over the next 48 hours as suggested by the Moving Average Convergence Divergence (MACD) indicator. The MACD line is currently breaking above the MACD signal line, which indicates that BONK’s bullish trend is getting stronger. If these technical flags are validated, Bonk price could soon surge towards the $0.0000192765 resistance level.

While BONK competes with HONK, Sponge V2 is a pre-sale that is taking the meme coin market by storm.

Hello $BONK…
We will come for you 🤫#bonk #Sponge V2 #sponge #pepe #memecoin #Cryptocurrency #how pic.twitter.com/ZjLYW0MLR3
— $SPONGE (@spongeoneth) January 25, 2024

We are trying to repeat the success 100 times.

Sponge V1 was able to generate 100x returns for early-stage investors during the 2023 bear market and even reached a peak market cap of $100 million. Following this success, the Sponge team wants to give investors a second chance to reap significant profits through the introduction of: Sponge V2.

#Sponge V2: Because sometimes you have to close your mouth and absorb moisture ☀
What are you waiting for?! 🙌#Cryptocurrency $sponge #Ticketing #stress pic.twitter.com/LFpfaOOKFh
— $SPONGE (@spongeoneth) January 24, 2024

To ensure that the latest version of Meme Coin can replicate the performance of previous versions, the team prepared several exchange lists and also added a play-2-profit racer game.

Not only will this expose meme coins to a wider tradable audience, it will also introduce a level of usability not typically associated with most meme coin projects.

Provides many profit opportunities for investors

Sponge V2 is not only a promising 100x speculative trading opportunity, but it also offers token holders other opportunities to earn profits. One of the revenue opportunities is the project’s lucrative staking program, which is currently offering investors a 269% Annual Percentage Yield (APY).

In addition to this, players will be able to earn even more through a play-to-end racer game that will soon be introduced to the Sponge community. Sponge V2 Tokens too.

Visit or purchase Sponge V2 here.

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