Bonk Price Prediction: BONK Soars 13%, But Can’t Keep Up with Surging New Solana Meme Coin Star Smog

bonk price rapidly increase The Solana meme coin has risen more than 13% in the past 24 hours as buyers re-enter the meme coin chart, trading at $0.00001191 as of 9:10 AM EST.

Bonk price breaks above the bearish trend line.

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

that much Bonk In the last 24 hours, the price was able to break above the medium-term negative trend line. As a result, Meme Coin may attempt to overcome the $0.0000128480 resistance level soon. A 4-hour candle above this level would place BONK outside its historical buying zone, which is also a consolidation channel for the cryptocurrency.

Traders and investors can therefore identify a breakout above this key level as a buy entry. This could trigger a wave of buying pressure that could push Bonk price higher to $0.0000192765 in the near term. In an extremely optimistic scenario, the altcoin could break this barrier, potentially rising to $0.0000290295 within a few days of breaking this level.

This bullish argument may be invalidated if the Bonk price is rejected by the $0.0000128480 resistance or falls below the negative trend line in the next 48 hours. In this alternative scenario, BONK could retest the lower limit of the consolidation channel at $0.0000088550. A fall below this important price point risks the Bonk price falling to $0.0000051340.

Bonk prices may continue to rise as the technology strengthens.

Technical indicators on BONK’s 4-hour chart are: Bonk Prices may continue to rise over the next 24 hours. Both the relative strength index (RSI) and moving average convergence divergence (MACD) indicators are showing strength.

The MACD line is breaking above the MACD signal line. Not only does this indicate that BONK is in a positive cycle, but it also signals that the bullish trend is becoming stronger. In addition to this, the RSI line is breaking away from the simple moving average (SMA) line. This is usually seen by traders as a sign that buyers are becoming stronger than sellers. Traders and investors will want to watch RSI on the 4-hour chart over the next two days as it shows that BONK is in severely overbought territory. This could foreshadow a near-term decline in the next 48 hours.

Bonk may overcome the negative trend line and continue its uptrend, but it may not be able to catch up with the trend line. smogIt has recorded a 200% return in the last 24 hours.

The Next Solana Meme Coin Will Explode

Smog is looking to be the next Solana meme coin to skyrocket as it attempts to surpass its predecessors Bonk, Honk, Myro, and Dogwifhat. Focusing on community participation and long-term investment through airdrop, smog You are perfectly positioned to ride the emerging meme coin trend.

Smog gives token holders access to a professional cryptocurrency community. The goal of this hidden group is to build the community support needed to unlock an unstoppable buzz in the meme coin sector through the promise and excitement of an interactive, sustained, multi-airdrop campaign that gamifies the user experience.

What investors are most excited about about Smog is the rumored massive token airdrop. Although specific details about the event have not been revealed, the project’s tokenomics show that a significant airdrop is in the works, as 35% of the token supply has been allocated to airdrop rewards.

Appealing to Asian Investors

Smog could soon explode as it attracts the attention of Asian cryptocurrency investors. Chinese New Year celebrations are scheduled to begin on February 10 and 2024 is the Year of the Dragon.

The dragon theme could cause a spike in smog over the next two weeks. This could attract investors from the vibrant Asian cryptocurrency market amid Lunar New Year celebrations across the region.

Smog available for purchase here.

Related articles:

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 50% or more