Bonk Price Prediction: BONK Soars 27% As Meme Coin Mania Erupts After The Bitcoin Halving And Traders Turn To This Solana Rival For Exchange Listing Upside

The Bonk worth has surged 27% within the final 24 hours to commerce at $0.000001960 as of seven:35 p.m. EST on a 129% surge in buying and selling quantity to $253 million.

It comes as meme coin mania returns after the Bitcoin halving was accomplished, with the sector’s market cap spiking and prime names together with Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and Pepe (PEPE) all on a tear.

Worldwide DOGE Day was additionally celebrated on April 20, offering one other sturdy tail wind for meme cash.

Bonk Value Rebounds In The Wake Of Bitcoin Halving Occasion

Bonk worth took a success after hitting resistance at $0.00004291. Regardless of efforts from patrons to lift the worth, sellers stored pushing it down, reaching the help zone at $0.00001357. This zone has seen regular exercise over the previous week.

BONKUSDT Evaluation. Supply: Tradingview.com

Bonk is buying and selling above the 50 Easy Shifting Common (SMA), a resistance degree for its worth. Nevertheless, if the upward momentum continues to develop, it might encourage patrons to push the worth above the 200 SMA, confirming the current momentum.

The Relative Energy Index (RSI) has been on a gradual uptrend from the 30 oversold degree, culminating to a pointy spike above the 50 midline degree to 81 within the overbought area. 

Bonk Value Prediction: Can Bonk Maintain The Momentum?

Bonk worth bulls point out resilience regrouping on the $0.00001357 help zone, driving the worth upwards. Moreover, the RSI helps the momentum, serving to the bulls push the worth upwards as they intention to reclaim March 29 at $0.00002937

Nevertheless, the bears would possibly benefit from the RSI buying and selling within the overbought area to drive the worth downwards in a corrective state. This might pressure the bulls to retreat to the help zone at $0.00001752, coinciding with the 50 SMA.

SMOG: Is This The Finest 100X To Purchase As we speak?

As merchants search for alternatives to purchase Bonk amid this new momentum, some traders are diversifying their portfolios by including Solana rival SMOG (SMOG). Specialists consider it’s primed for a surge on information that it’s about to listing on anther top-tier alternate.

This extra itemizing would imply extra merchants can have easy accessibility to take part, doubtlessly resulting in a surge in demand.

It’s current itemizing on MEXC coincided with the conclusion of Season 1 of an airdrop it vows might be ”the best in historical past.” It gave away $1 million in SMOG tokens within the first a part of the airdrop.

Season 2 is now underway, specializing in on-chain and buying and selling actions. This provides one other incentive for merchants and traders to become involved with SMOG.

#Dragons, put together yourselves for the upcoming debut of $SMOG on an alternate! 💰

End all of your every day duties and accumulate as many factors as potential earlier than Season 1 concludes! 📊#SmogSwap in Season 2 will prioritize on-chain #Trading! 🔄

Maintain a watch out for updates! 📣

— SMOG (@SMOGToken) March 28, 2024

SMOG additionally presents a gorgeous staking mannequin that gives a 42% annual proportion yield (APY) and helps earn extra factors for the airdrop.

“This token might have loopy upside potential,” says YouTube channel 99Bitcoins, with greater than 700k subscribers.

Purchase SMOG utilizing ETH USDT or a financial institution card on the official web site right here and seize a ten% low cost whereas it lasts.

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