BONK Price Surge: Analysts Speculate 100X Potential for Solana's Latest Meme Coin with a 21% Pump

BONK Price Surge: Analysts Speculate 100X Potential for Solana’s Latest Meme Coin with a 21% Pump

Bonk Price Surge

The Bonk price has experienced a notable 31% increase in the last 24 hours, reaching $0.0000141 as of 8:20 a.m. EST. The trading volume has surged by 308% to $233 million.

The surge in BONK price suggests a potential bullish breakout, following signs that it may have bottomed out.

Bonk Price Signals A Bull Rally Above the Cup and Handle Pattern

The Bonk price indicates a rebound from a prolonged downtrend, with a support zone at $0.00001005 empowering bulls. A cup and handle pattern has also formed, signaling a bullish trend continuation.

  • The resistance point at $0.00001506 poses a challenge, but bulls remain resilient.
  • If momentum sustains, BONK price could overcome the $0.00001506 hurdle.

The Bonk price is currently trading above the 50-day simple moving average (SMA), reinforcing the bullish momentum.

Additionally, the Relative Strength Index (RSI) reflects a rebound from 43 below the 50 midline level to 61, indicating an overall bullish sentiment and intense buying pressure.

The BONK Price Bulls Aim To Break To A New High

BONK price is surging as bulls aim for new highs in 2024. Sustained bullish momentum could see the price reach levels at $0.00001992, indicating a potential 30% increase from the current price.

In a corrective phase, bears might trigger a retracement towards the $0.00001252 support level, coinciding with the 50 SMA.

Investors looking for alternative opportunities may consider diversifying into SMOG, a new meme coin on the Solana blockchain.

Smog: Best Crypto To Buy Now

Smog aims to dominate Solana meme coin titans like BONK, MYRO, and WIF with the slogan, “One meme coin to rule them all.”

The Smog team has allocated 35% of its 1.4 billion token supply for an upcoming airdrop, promising to be the biggest ever.

  • Participate by buying and holding Smog tokens in your wallet.
  • Complete various tasks to accumulate airdrop points managed by Zealy.

Over 10,000 airdrop members and more than 600,000 tasks have already been completed.

More Airdrops, Staking, And 100X Potential! Don’t Miss Out!

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

Smog’s staking protocol offers a passive income opportunity with an impressive 42% annual percentage yield (APY) when you stake your tokens.

CryptoGains, a well-known crypto analyst and YouTuber, suggests that Smog has the potential to 100X your investment. SMOG boasts over 28,800 holders and a community of 65,000 members across various platforms, with a $39 million market cap.

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