Honk Price Prediction: HONK Plunges 37% As Analysts Say New Solana Meme Coin Smog Could Surpass BONK, FIRE, MYRO, and WIF.

adminFebruary 10, 2024

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Honk price plunged 37% in the last 24 hours. Traded for $0.008509 As of 4:44 a.m. EST, trading volume had plunged 48% to $1.5 million.

Within the vibrant Solana ecosystem, Honk has emerged as a strong competitor to Bonk, inspired by the beloved Untitled Goose Game meme famous for its playful and mischievous goose characters.

Despite the recent economic downturn, Honk has shown remarkable resilience, with its price soaring a whopping 81.10% over the past week.

This surge surpasses the overall 16.2% increase in value of comparable cryptocurrencies within the Solana ecosystem.

Honk Price Bulls expect a bullish trend reversal.

Honk price chart analysis. Source: Tradingview.com — HONKUSDT chart analysis. Source: Tradingview.com

HONK price shows the bulls pushing the price higher and reaching the $0.03141 resistance, which forces the bears to push the price lower.

However, the price signals a bullish trend reversal at $0.00808 within the formed falling wedge pattern, which traders consider to be a bullish trend reversal signal.

If the bullish momentum continues, the bulls could push the price higher above the upper limit of the wedge, confirming the expected bullish rally.

However, the bulls will have to overcome the 50-day simple moving average hurdle which acts as an immediate resistance for the Honk price.

The Relative Strength Index (RSI) is trading higher, bouncing from an oversold 30 to 36 and approaching the 50 midline. If the bullish momentum strengthens further, the RSI could surge to the 70 overbought level.

horn price prediction

Horn price indicates a bullish reversal as a descending wedge pattern forms. This could allow the bulls to push the price higher, targeting $0.0234. However, the downward trend may continue within the descending wedge.

Meanwhile, the surge in meme coins on the Solana blockchain has captured the attention of investors around the world, promising lucrative returns on their investments. SMOG is one of them, and has been seeing a noticeable uptick since its launch on Jup Dex this week.

Everyone is talking about Jupiter and JUP Airdrop. But is the $SMOG Airdrop the next notable cryptocurrency sweepstakes?

SMOG Token Since the launch of JUP Exchange, it has rapidly secured new capital, quickly gained popularity, and achieved remarkable growth.

Analysts suggest that SMOG has the potential to outperform other meme coins such as BONK, FIRE, MYRO, and WIF. SMOG price surged 212% in the last 24 hours, reaching a trading value of $0.0588.

Don’t miss out on the largest airdrop ever. Buy SMOG now

After witnessing Jupiter’s monumental $700 million airdrop that resulted in significant returns for investors, the $SMOG token is now ready to offer even larger and more attractive airdrop opportunities.

The SMOG team described this as “the largest airdrop ever,” securing 35% of the total 1.4 billion token supply.

Additionally, 50% of total supply has been allocated for marketing purposes, 10% is reserved for future exchange listings, and 5% is earmarked for liquidity at launch.

Holding $SMOG tokens means you are eligible to receive the upcoming airdrop. You may also be eligible to receive a share of the community bounties generated through the campaign, which will provide you with incentives such as: hold on to your tokens.

Massive airdrops of smog