Honk Price Prediction: Bonk Competitor Honk Soars 381% as Experts Say This Challenger Has Potential to Explode.

adminJanuary 26, 2024

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Honk price has surged 381% in the last 24 hours. Trade for $0.0099 As of 5:57 a.m. EST, trading volume had increased 50% to $5 million.

Honk, the new meme coin on the Solana blockchain, is being dubbed the Bonk Killer, and the community behind it is backing the token as the next big thing. But can Bonk grow taller?

We know what the Doge Killer was doing in ETH ($SHIB).
i can’t fade it $BONK SOL’s killer. $HONK My ATH just broke 🚀🚀🚀🚀🚀@honk_sol Congratulations to the team and community!!!
– Your POP (@Yourpop8) January 24, 2024

Horn bull riding cup and handle pattern

Honk price chart analysis source: Geckoterminal.com — HONKUSD Chart Analysis Source: Geckoterminal.com

Honk price indicates a continuation of the bullish trend as price forms a cup and handle pattern.

The $0.005 support zone gave bulls a platform to recover from the slight price decline.

Honk price uptrends showed resilience despite the pullback from the $0.00977 resistance level, bouncing back from the $0.008 support zone to form the handle part of the pattern, pushing the price towards a new resistance level.

HONK is also trading above its 50-day and 200-day simple moving average (SMA), confirming its bullish momentum with a golden cross forming at $0.002.

The Relative Strength Index (RSI) shows a bounce from 51 and is still above the 50 midline of 55. If momentum continues, RSI could reach the overbought level of 70.

horn price prediction

The general trend in Honk prices remains bullish. The cup and handle pattern further solidifies the foundation for the bulls to push the price higher, targeting $0.0132.

However, if the bullish momentum does not continue, the bears may take the lead and the price may move slightly lower towards the $0.008 support zone.

As Honk prices continue to surge, investors are flocking to the Sponge V2 presale in the belief that Sponge V2 could be one of the next meme coins to explode upon launch.

A promising alternative to Honk

Sponge V2 It is the sequel to SpongeV1, which soared 100 times last year. Sponge V2 gives investors another opportunity to earn and stake tokens, with the hope of multiplying them by 100x more upon launch.

Sponge V1 has amassed a market capitalization of over $100 million and attracted over 13,000 participants to the platform. It has also been listed on more than 10 centralized exchanges (CEXs), including BitMart, LBank, and Toobit.

Aren’t 10 exchanges enough? 😉#Sponge V2 We will be listed on bigger and better exchanges! 🔥
Not ready to accept what happens next?#Sponge V2 #memecoin #Ticketing pic.twitter.com/LdXRYu65Z8
— $SPONGE (@spongeoneth) January 23, 2024

With just a few days left until its official launch, Sponge V2 has already garnered over $4.4 million in staked and bridged tokens.

In addition to an improved staking system sponge sequel We’ve also introduced Play-to-Earn (P2E) gaming features that provide the opportunity to earn money through interactive gameplay.

#Sponge V2 It’s not just a token. This is a game changer with innovative features. #P2E Gaming and enhanced staking rewards. 🧽︎
Who’s ready for another 100x? 😍🚀#AltGem #trading #memecoin pic.twitter.com/Is3GTemDwN
— $SPONGE (@spongeoneth) January 20, 2024

Sponge V2’s development team is also looking forward to the release of a new P2E game called “Sponge Racer” to attract new investors and players. You can participate in the game using the Sponge V2 tokens you earn.

Justin Sun Buys $SPONGE

Tron founder Justin Sun purchased $SPONGE last year, and his current holdings are worth over $90,000. He previously announced his intention to invest in meme coins that show potential.

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

Sponge V2 Offers profitable opportunities through equity monetization capabilities.It offers an impressive annual return of 274%.

💸🛌 Get passive rewards just by staking $sponge! 🤯
join #Sponge V2 Acquire and enjoy 300%+ current APY 🙂
Absorb moisture! 🧽 🙌🙌 #memecoin #Ticketing #Staking pic.twitter.com/OJ08MgMmWy
— $SPONGE (@spongeoneth) January 19, 2024

Conor Kelly, a popular YouTuber with over 180,000 followers, predicted that the project would explode upon release, surpassing the popularity of Sponge V1.

To purchase Sponge V2 tokens, please visit: SpongeV2 official website Connect your digital wallet to exchange ETH or USDT for V2 tokens. You can also make purchases directly using your bank card.