Bonk Price Prediction: Solana Meme Coin BONK Comes Back With 31% Gain, But Experts Say Consider This Pre-Sale With 100x Outperformance For Explosive Profits.

adminJanuary 10, 2024

join us telegram A channel to stay up to date on breaking news coverage

Bonk price has surged 31% in the last 24 hours. Trade for $0.00001294 As of 4:44 a.m. EST, trading volume had surged 319% to $379 million.

BONK price is trading a descending triangle.

Bonk price chart analysis. Source: Tradingview.com — BONKUSD chart analysis. Source: Tradingview.com

BONK price is trading within the support zone at $0.00001286, indicating an upward trend.

After being rejected at $0.00003552, the bears took control, putting downward pressure on the price and forcing it to retreat towards the established support level of $0.00001342.

This decline forms a descending triangle pattern, indicating a potential continuation of the bearish trend if the price falls below the support zone. However, if the bulls maintain the bullish momentum, the price could rise above the upper border of the triangle.

BONK price appears to be supported by the 50-day simple moving average (SMA), providing some respite to the bulls.

However, a break below the 50-day SMA could pave the way for a continued downtrend and the bulls could potentially regroup around the $0.000005608 level.

The Relative Strength Index (RSI) declined from 87 to 40, reflecting the prevailing bearish sentiment indicating significant bearish pressure in the market.

Bonk Price Prediction

The existing support areas for BONK look solid and indicate resilience. This presents an opportunity for the bulls to regroup and drive the price towards the $0.00003552 resistance level, which represents a potential 180% increase from the current price.

If bearish pressure persists, there is a risk that BONK will fall below the lower boundary of the descending triangle, potentially reaching the support area at $0.000005608.

Meanwhile, investors looking for diversification should consider Sponge V2, which is attracting investors with an incredible 100x increase in Sponge V1.

Sponge V2 raised over $3.6 million, achieving a 100x return.

SPONGEV2 We have successfully staked and connected over $3.6 million in funds, attracting significant attention. The project aims for a 100x return on investment, matching the performance of Sponge V1.

#SpongeV2 It’s getting hotter! 🔥🧽$sponge #Staking #web3 #how pic.twitter.com/5IirjXryBR
— $SPONGE (@spongeoneth) January 8, 2024

You can quickly buy and stake $SPONGE using the provided widget, which gives you the opportunity to receive a V2 token bonus with a token price of $0.000808.

Sponge V1 has secured listings on more than 10 centralized exchanges, including LBank, Toobit, CoinW, BTCEX, and BitMart, reaching a market capitalization of $100 million. It also has over 13,000 holders, supported by over 30,000 social followers.

🚀 Did you miss the 100x success of Sponge V1?
With a larger campaign #SpongeV2, we are back stronger than ever! 💪
Hurry up and secure your stake $sponge Token today! 🔥$sponge #Cryptocurrency #Crypto Staking pic.twitter.com/QIo0RMz4LT
— $SPONGE (@spongeoneth) January 6, 2024

Justin Sun holds $SPONGE.

After revealing plans to trade the promising project with meme coins in May 2023, Tron founder Justin Sun moved more than $14 million on the Binance exchange, sparking optimistic sentiments among investors and traders. .

I decided to actively trade meme coins and promising projects through public addresses. Any losses that may arise from these transactions will be personally borne by me, and all profits generated will be donated to charity.
— HE Justin Sun Sun Yuchen (@justinsuntron) May 11, 2023

Data from cryptocurrency security firm PeckShield shows that 6,166 ETH was transferred from Binance to a wallet associated with Justin Sun. The current market ETH price for that wallet is $14.7 million. Sun currently holds about $90,000 worth of $SPONGE.

#PeckShieldAlert Address 0x9FCc… 19Fe (Suspicious #justin sun Related) 6,166 people were withdrawn. $ETH (worth approximately $13.8 million) #Binance pic.twitter.com/8jGbcwRvzg
— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

Opportunity to earn passive income

The SpongeV2 platform provides a staking feature that allows you to stake $SPONGE tokens through the token website. When you stake, your tokens are automatically bridged. At launch, you will receive SpongeV2 tokens with an attractive 363% Annual Percentage Yield (APY).

you also Play to Earn (P2E) Free and premium versions. The premium version allows you to purchase additional game credits using $SPONGEV2 tokens, increasing your chances of earning additional $SPONGE.

Jacob Bury, a cryptocurrency YouTuber with over 26,000 subscribers, details how to make money with SpongeV2 in a recent video. He is optimistic about SpongeV2’s prospects and sees a potential 10X pump at launch.

Connect your Web3 wallet to purchase Sponge V2 tokens. Official Sponge V2 website Exchange ETH or USDT for v2 tokens. You can also make direct purchases using your bank card.