21M News

The Bonk worth soared over 12% within the final 24 hours to commerce at $0.00003273 as of 6:26 a.m. EST as buyers start to fill up on the meme coin.

This rise within the BONK worth comes after asset managers REX Shares and Osprey filed purposes for an ETF (exchange-traded fund) for the crypto simply 24 hours after US President Donald Trump’s inaugural ceremony and his appointment of Commissioner Mark Uyeda as appearing Securities and Trade Fee (SEC) Chair.

Bonk Value Resting On A Help Stage

4-hour chart for BONK/USD (Supply: GeckoTerminal)

The Bonk worth is resting on a help degree at $0.00003176. Ought to the Solana meme coin drop under this mark throughout the subsequent 8 hours, it might stand the danger of falling to the following help degree at $0.00002759.

Conversely, the Bonk worth sustaining a place above the $0.00003176 help for the following 12 hours may invalidate the bearish thesis. On this extra bullish case, the meme coin might try a problem on the $0.00003639 resistance degree. A 4-hour shut above this technical barrier may then result in a climb to as excessive as $0.00004067 within the brief time period.

Technical Indicators Recommend The Bonk Value May Go In Both Route

From a technical perspective, indicators on the 4-hour chart counsel the Bonk worth might go both manner. Extra particularly, the Shifting Common Convergence Divergence (MACD) and the Relative Power Index (RSI) give no clear indication of what BONK may do subsequent.

In current hours, the RSI line has began to degree off. The most recent readings barely above the impartial 50 mark counsel a slight bullish undertone. Nonetheless, sellers can simply take management of the Bonk worth in the event that they collectively determine to take action within the subsequent few hours. 

In the meantime, the MACD line and MACD Sign strains are buying and selling near the identical degree as properly. This might point out that merchants are ready on the sidelines for both bulls or bears to step in and push the Bonk worth up or down.

Whereas merchants wait to see which course the Bonk worth will transfer in subsequent, buyers are turning their consideration to Meme Index (MEMEX), a presale token that allows diversified meme coin investing.

Crypto consultants are bullish on the revolutionary meme index token. Amongst them is widespread crypto analyst and YouTuber Jacob Bury, who advised his greater than 54K subscribers that MEMEX might be the following 10X alternative out there.

Providing Traders A Manner To Purchase Into Meme Cash That Matches Their Threat Urge for food

The hype round meme cash in the previous few weeks has led to the launch of a number of new crypto tokens by opportunistic builders seeking to achieve from the surging curiosity in these lighthearted cryptos.

With new tasks getting into the crypto area every day, it might be tough for buyers to seek out the following gem that might result in huge income.

Meme Index, with its revolutionary index providing, goals to make it simpler for buyers to purchase into and probably revenue from meme cash. The challenge makes this attainable via a number of funding baskets that every include totally different risk-reward profiles. These baskets are Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.

To realize entry to any of those baskets, buyers merely must buy the MEMEX token. Thereafter, they’ll simply must stake their holdings in direction of the funding basket they need publicity to.

Traders Wager Huge On MEMEX’s Future

With the bullish predictions by consultants like Jacob Bury, and the way straightforward the challenge makes it for buyers to realize publicity to meme cash, it’s no marvel the crypto has already raised greater than $2.7 million via its ongoing ICO.

Promoting for $0.0154693, MEMEX could be bought through the easy widget embedded on the challenge’s web site utilizing both ETH, USDT, BNB or financial institution card.

Purchase MEMEX tokens right here to unlock entry to an 856% staking APY.

Associated Articles:

Latest Meme Coin ICO – Wall Road Pepe

• Audited By Coinsult
• Early Entry Presale Spherical
• Non-public Buying and selling Alpha For $WEPE Military
• Staking Pool – Excessive Dynamic APY