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The Bonk worth surged 96% within the final week, regardless of dropping 5% within the final 24 hours, to commerce at $0.00005071 as of 11:36 a.m. EST on buying and selling quantity that plunged 25% to $2.1 billion.
The BONK worth earlier hit a brand new all-time excessive (ATH) of $0.00005627 earlier than paring positive factors.
Bonk Worth Indicators Trace At A Sustained Bullish Rally
The Bonk worth has been on a consolidated section from late September to the start of November, because the bulls and bears struggled for dominance throughout the $0.000020 vary, in line with knowledge from GeckoTerminal.
BONK has now crossed above each the 50-day and 200-day Easy Shifting Averages (SMAs), a affirmation of the extended rally. Furthermore, the 50-day SMA has crossed above the 200-day SMA, forming a golden cross round $0.00002211, additional cementing the bullish stance.
The Relative Energy Index (RSI) is at 62.31, which is close to the overbought zone (usually 70+). Whereas it’s not extraordinarily overbought but, the latest rally suggests warning. If RSI strikes above 70, it may point out a possible reversal or consolidation as the worth is likely to be overextended. Present RSI ranges counsel there should be some room for upward motion, however merchants ought to monitor for indicators of weakening momentum.
The MACD is in a bullish section, with the MACD line (blue) above the sign line (orange) and each above the baseline (zero stage).
The widening hole between the strains signifies sturdy bullish momentum. Nonetheless, such sharp strikes can usually result in exhaustion, so look ahead to any indicators of convergence (strains coming nearer collectively) as a sign of waning momentum.
Bonk Worth Prediction
In accordance with the BONK/USD chart evaluation on the 4-hour timeframe, the Bonk worth may nonetheless soar, because the bulls capitalize on the key indicators. If this development continues, the worth of Bonk may soar, because the bulls goal $0.0001. Analysts additionally imagine that the Solana meme coin may soar.
Nonetheless, if the bears push the worth of Bonk in direction of a pullback, the 50-day and 200-day SMA may act as the following potential assist ranges at $0.00003679 and $0.00002539 respectively.
In the meantime, traders on the lookout for various funding choices might need to contemplate Crypto All-Stars (STARS), which 99Bitcoins, a outstanding crypto channel on YouTube with over 706K subscribers, says has the potential to soar 100X after its launch.
Crypto All-Stars Presale Secures Over $4.2 Million – Finest Crypto To Purchase Now?
The Crypto All-Stars venture is revolutionizing the meme coin ecosystem by means of its progressive MemeVault protocol. This good contract permits traders to stake a number of meme cash in a single place for the primary time whereas being rewarded with STARS tokens.
Why Is Everybody Excited?
In its preliminary presale section, Crypto All-Stars raised over $350k! 💰
This early success exhibits that traders see BIG potential right here. 🚀
Might this be the following $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Crypto All-Stars will initially provide staking for 11 meme cash: Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. The venture already plans so as to add extra meme coin choices within the coming months.
You can too earn passively by means of the venture’s native staking mechanism, which gives an eye-popping 410% annual share yield (APY).
If you want to affix traders who’ve pumped $4.2 million into the venture since its launch, you should buy the token now for $0.0015806.
The worth will improve in barely lower than 3 days, so don’t wait too lengthy to purchase in order for you one of the best deal.
Buy $STARS from its official web site right here utilizing BNB, USDT, or a financial institution card.
Associated Information
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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