Bonk Price Prediction: BONK Pumps 21% As Analysts Say This New Solana Meme Coin Might Be Poised For 100X Gains

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The Bonk worth has pumped 31% within the final 24 hours to commerce at $0.0000141 as of 8:20 a.m. EST on buying and selling quantity that surged 308% to $233 million.

The surge within the BONK worth comes amid indicators it might have bottomed out and will quickly bear a bullish breakout.

Bonk Worth Indicators A Bull Rally Above the Cup and Deal with Sample

BONKUSDT Evaluation By Tradingview

The Bonk worth signifies a rebound following a protracted downtrend, with the assist zone at $0.00001005 empowering bulls to drive the worth increased. It has additionally fashioned a cup and deal with sample signaling a bullish development continuation.

Regardless of the resistance level at $0.00001506 permitting the bears to push down the worth, the bulls present resilience, driving the worth up and finishing the deal with a part of the sample. If the momentum sustains, the BONK worth may overcome the $0.00001506 hurdle.

The Bonk worth additionally trades above the 50-day easy transferring common(SMA), reinforcing the bullish momentum.

Moreover, the Relative Power Index (RSI) displays a rebound round 43 under the 50 midline degree to 61, signaling an general bullish sentiment and intense shopping for stress out there.

The BONK Worth Bulls Purpose To Break To A New Excessive

The BONK worth is surging extremely because the bulls goal to realize new highs in 2024. If the sustained bullish momentum persists, there may be potential for the worth to succeed in ranges at $0.00001992, indicating a potential 30% improve from the present worth.

Nonetheless, if bears intervene in a corrective part worth may doubtlessly set off a retracement in the direction of the $0.00001252 assist degree coinciding with the 50 SMA.

In the meantime, buyers looking for different profitable funding alternatives may think about diversifying their portfolios into SMOG. It’s been making waves within the meme coin world with the promise of a humongous upcoming airdrop.

Smog: Finest Crypto To Purchase Now

Smog, a brand new arrival on the Solana blockchain, goals to dominate Solana meme coin titans together with BONK, MYRO and WIF and makes use of the slogan, “One meme coin to rule all of them.”

One #Memecoin to rule all of them! 🚀

Prepare for the best #Airdrop in historical past, distributed on #Solana. 💰

Be part of #SMOG on Zealy! 🔥

Hyperlink in Bio 🔗 pic.twitter.com/vsn4p5cSF4

— SMOG (@SMOGToken) February 8, 2024

Aiming to surpass earlier Solana airdrops, the group behind Smog has allotted 35% of its 1.4 billion token provide for its upcoming airdrop. It says the airdrop would be the largest ever.

You’ll be able to take part in two methods to be eligible for the Smog airdrop. The best means is to purchase and maintain Smog tokens in your pockets.

You too can take part by finishing varied duties, by way of which you accumulate airdrop factors which are managed by Zealy. There are already over 10,000 airdrop members, and greater than 600,000 duties have been accomplished.

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

The Smog group can also be airdropping tokens value $1.5k each day to holders of Bonk, Dogwifhat, Myro, and Samoyedcoin.

Moreover, Smog’s staking protocol presents a passive revenue alternative of a powerful 42% annual share yield (APY) while you stake your tokens.

Be part of the #SMOG group on #Zealy and improve your factors for the $SMOG #Airdrop. 🐲

Full quests for further factors! 📊

Keep tuned for upcoming bulletins. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto

— SMOG (@SMOGToken) February 21, 2024