Bonk Price Prediction: BONK Rises 21% as Analysts Say This New Solana Meme Coin Could Reap 100x Profits

adminFebruary 27, 2024

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Bonk price has surged 31% in the last 24 hours. Traded for $0.0000141 As of 8:20 a.m. ET, trading volume had increased 308% to $233 million.

The surge in BONK price comes amid signs that the price has bottomed and could soon undergo a bullish breakout.

Bonk price indicates an uptrend above the cup and handle pattern.

bonk price

BONKUSDT Analysis by Tradingview

Bonk price indicates a bounce following a long-term downtrend, with a support area at $0.00001005, giving bulls the strength to push the price higher. It also formed a cup and handle pattern, indicating a continuation of the bullish trend.

Despite the resistance point at $0.00001506, which allows the bears to drive the price lower, the bulls show resilience, pushing the price higher and completing the handle portion of the pattern. If momentum continues, BONK price may overcome the $0.00001506 hurdle.

Bonk prices are also trading above the 50-day simple moving average (SMA), strengthening bullish momentum.

Additionally, the Relative Strength Index (RSI) has rebounded from the midline of 50 around 43 to 61, indicating overall bullish sentiment and intense buying pressure in the market.

BONK price uptrend aims to hit new highs

BONK prices are soaring as they aim to reach a new record in 2024. If the continued bullish momentum continues, the price is likely to reach the $0.00001992 level, which could lead to a 30% rise from the current price.

However, if the bears engage in a correction phase, the price could potentially trigger a retracement towards the $0.00001252 support level, which is in line with the 50 SMA.

Meanwhile, investors seeking other profitable investment opportunities may consider diversifying their portfolios with SMOG. It is making waves in the meme coin world with the promise of a massive airdrop.

Smog: The Best Cryptocurrency You Can Buy Now

smoga newcomer to the Solana blockchain, aims to dominate the behemoths of Solana meme coins, including BONK, MYRO, and WIF, and uses the slogan “One meme coin rules them all.”

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— Smog (@SMOGToken) February 8, 2024

The Smog team has allocated 35% of the 1.4 billion token supply to the upcoming airdrop in an effort to surpass the previous Solana airdrop. It is said that the airdrop will be the largest ever.

There are two ways to participate to receive Smog airdrops: The easiest way is to purchase Smog tokens and store them in your wallet.

You can also participate by completing various tasks, which will earn you airdrop points managed by Zealy. There are already more than 10,000 airdrop members, and more than 600,000 tasks have been completed.

More airdrops, staking, and 100x potential! Don’t miss it!

The Smog team is also airdropping $1.5,000 worth of tokens daily to Bonk, Dogwifhat, Myro, and Samoyedcoin holders.

additionally, Smog’s Staking Protocol Staking tokens provides a passive income opportunity that can earn you an impressive Annual Percentage Yield (APY) of 42%.

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Stay tuned for future announcements. 📢🔗https://t.co/3EQxvQwsw3#Cryptocurrency Community #altcoin #memecoin #Binance #Cryptocurrency
— Smog (@SMOGToken) February 21, 2024