Come join us Telegram channel to stay up to date with the latest news
The Bonk price has increased by 31% in the last 24 hours trading at $0.0000141 as of 8:20 a.m. EST, trading volume increased 308% to $233 million.
The rise in BONK price comes amid signs that it may have bottomed out and could soon undergo a bullish breakout.
Bonk Price signals a bull rally above the cup and handle pattern
BONKUSDT analysis by Tradingview
The Bonk price signals a recovery from a prolonged downtrend, with the support zone at $0.00001005 allowing the bulls to push the price higher. It has also formed a cup and handle pattern that indicates a continuation of the bullish trend.
Despite the resistance point at $0.00001506 that allowed the bears to push the price down, the bulls show resilience, pushing the price higher and completing the handle portion of the pattern. If the momentum continues, BONK price could overcome the USD 0.00001506 hurdle.
Bonk price is also trading above the 50-day Simple Moving Average (SMA), reinforcing bullish momentum.
Furthermore, the Relative Strength Index (RSI) reflects a recovery from around 43 below the mid-level of 50 to 61, indicating overall bullish sentiment and intense buying pressure in the market.
The BONK price bulls aim to reach a new high
BONK price is rising sharply as bulls aim to reach new highs in 2024. If the continued bullish momentum continues, there is potential for the price to reach a level of $0.00001992, indicating a possible upside of 30% from the current price.
However, if bears intervene in a corrective phase, the price could potentially trigger a retracement towards the $0.00001252 support level that coincides with the 50 SMA.
In the meantime, investors looking for other lucrative investment opportunities may want to consider diversifying their portfolios into SMOG. It’s making waves in the meme coin world with the promise of a massive upcoming airdrop.
Smog: best crypto to buy now
Smoga newcomer to the Solana blockchain, it aims to dominate the titans of Solana meme coins, including BONK, MYRO, and WIF, and uses the tagline: “One meme coin to rule them all.”
A #Memecoin to rule them all! ????
Get ready for the biggest #Airdrop in history, spread across #Solana. ????
Participate #SMOG on IJly! ????
Link in bio ???? pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Aiming to surpass previous Solana airdrops, the team behind Smog has allocated 35% of its 1.4 billion token supply for the upcoming airdrops. It says the air drop will be the largest ever.
There are two ways you can participate to qualify for the Smog airdrop. The easiest way is to buy Smog tokens and keep them in your wallet.
You can also participate by completing various tasks, which will earn you airdrop points managed by Zealy. There are already more than 10,000 airdrop members and more than 600,000 tasks completed.
More airdrops, spawns and 100x potential! Do not miss it!
The Smog team is also dropping tokens worth $1.5k every day to holders of Bonk, Dogwifhat, Myro and Samoyedcoin.
Additionally, Smog strike protocol offers a passive income opportunity of an impressive 42% Annual Return (APY) when you stake your tokens.
Join the #SMOG community #Diligent and increase your points for the $SMOG #Airdrop. ????
Complete missions for extra points! ????
Stay tuned for upcoming announcements. ????????https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
CryptoGains, a well-known crypto analyst and YouTuber, says that Smog has the potential to double your investment
SMOG has more than 28,800 holders and a community of 65,000 members across platforms, with a market cap of $39 million.
Visit SMOG’s official website to purchase and stake Smog tokens for a 10% discount and to qualify for airdrops.
Related articles
New Crypto Mining Platform – Bitcoin Minetrix
- Controlled by Coinsult
- Decentralized, secure cloud mining
- Earn free Bitcoin every day
- Native token now on pre-sale – BTCMTX
- Staking Rewards – Over 50% APY
Come join us Telegram channel to stay up to date with the latest news