Bonk Price Prediction: Unstoppable BONK Keeps On Pumping With Another 43% Surge As This New Meme Coin Challenger Moves To Within A Whisker Of $3 Million

BySteven Walgenbach

Updated: 14 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Bonk price surged more than 43% over the past 24 hours to trade at $0.00001464 as of 8:30 a.m. EST as investors attempt to push the altcoin’s price to new heights.

The Bonk Price May Continue Its Climb As Buyers Step Back In

Daily chart for BONK/USDT (Source: TradingView)

BONK was able to break above the strong resistance level at $0.0000149068 earlier in today’s trading session.

Bears, however, were quick to act and force the Bonk price back down to below the significant price point. Should the meme coin close today’s trading session above this mark, it may have the foundation needed to continue rising in the next few days.

This bullish thesis could be invalidated if the cryptocurrency closes today’s daily candle below $0.0000149068. In this bearish scenario, the Bonk price may stand the risk of undergoing a correction to the immediate support level at $0.0000089940.

Traders and investors will want to keep a close eye on this level, as it also coincides with a medium-term positive trend line. As such, a break below this support may lead to BONK falling all the way down to $0.0000046040 in the short term.

Bonk Price Likely To Rise As Technicals Align

Technical indicators on BONK’s daily chart suggested a bullish scenario is more likely to play out in the next 48 hours. Not only was the Moving Average Convergence Divergence (MACD) flagging bullish, the Relative Strength Index (RSI) also triggered a bullish technical flag recently.

Throughout the past 24 hours, the daily RSI line crossed above the daily RSI Simple Moving Average (SMA) line. This major technical flag indicates that buyers have gained the upper hand against sellers on BONK’s chart. Should bulls maintain their strength in the next 24 hours, they may start driving the Bonk price to new heights.

The MACD line positioned above the MACD Signal line also suggests a short-term continuation of the meme coin’s positive trend. If these technical flags are validated, the Bonk price may surpass the $0.0000149068 barrier in the next couple of days.

As BONK looks set to continue its impressive performance, investors may want to take a look at Meme Kombat. This promising meme-inspired project is attracting investors from all over the globe, and has the potential to become the next big project in the meme coin space.

A Meme Coin That Is Ready To Skyrocket

Just sliding past $2.8 million💪

Good start to the week! pic.twitter.com/1OJfgQzWxr

— Meme Kombat (@Meme_Kombat) December 11, 2023

Meme Kombat is an up-and-coming meme coin that investors can’t get enough of with the project’s presale nearing the $3 million fundraising mark.

Investors are betting big on Meme Kombat as it not only enters the market with more utility than many other meme coin projects, but also offers lucrative rewards for early-stage buyers.

More Than Just Another Speculative Opportunity

Meme Kombat is an innovative gaming platform that allows token holders to place bets on regularly scheduled battles that will take place within the ecosystem.

Winning bets will then receive rewards. More-hyped battles will also take place, offering token holders much more lucrative rewards.

In tandem with the potential to win rewards through placing bets on battles, token holders also have access to Meme Kombat’s staking program. Anyone that invests now can enjoy a handsome annual percentage yield (APY) of 285%.

Meme Kombat’s native token MK can be purchased here.