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The Bonk price has pumped by another 16% in the last 24 hours to trade at $0.00001522 as of 12:17 a.m. EST.
Bonk Price Prediction: Technical Analysis
Looking at an in-depth analysis of 2-hour BONK/USD charts, the meme coin could now be headed towards a corrections. The Relative Strength Index indicator has reverted to a southern trajectory as it exits the overbought region. This shows fading bullish momentum as the Bonk price stands at risk of a bearish reversal in the short term.
The MACD indicator also reverts towards the red zone, showing fading bear pressure.
The Bonk price is volatile, as shown by the Bollinger Bands, which are currently diverging from each other. This can be attributed to increasing trading activities that have seen the trading volume jump by 96% in the last 24 hours.
2-hour BONK/USD Chart | Source: TradingView
Looking at the long-term trajectory, the Bonk price could see another pump, as whale activity suggests. This comes as whales accumulate the meme coin, with one specific whale accumulating 371.4 billion Bonk tokens.
This smart trader who made ~$6.9M on $BONK spent 386 $SOL($40K) to buy 3.29B $BONK again today!
He accumulated 371.4B $BONK in 9 months at a cost of only 6,998 $SOL($276K) and sold half of the $BONK during the $BONK surge for 50,139 $SOL($5.2M).https://t.co/pOFRD2ndI8 pic.twitter.com/lkgGm13G0e
— Lookonchain (@lookonchain) January 9, 2024
Meanwhile, as the Bonk price heads towards a potential correction in the short term, Meme Kombat’s MK token, currently in presale, is another standout meme coin alternative that ranks among the top meme coins to invest in. The MK token presale has garnered $6.5 million, showing immense investor confidence in the project.
Bonk Price Prediction: Is MK The Better Meme Coin?
Meme Kombat has witnessed massive community expansion recently. The backing for this gaming-centric phenomenon is evident in the remarkable achievement of amassing over 15.5 thousand users on X (formerly Twitter) and exceeding seven thousand members on Telegram.
The Meme Kombat Telegram Group is now 7000 meme-bers strong💪
With that said, please make sure you stay safe. There is only one official group⚔️ pic.twitter.com/IetN6JxKRs
— Meme Kombat (@Meme_Kombat) January 5, 2024
To initiate the acquisition of tokens, prospective participants should navigate to the official platform. Meme Kombat tokens (MK) are available for $0.279 per token. The staking dashboard is operational, allowing token holders to engage in betting activities.
About 78% of the MK token supply has already been staked, offering an APY of 145%.
Will MK 100X?
Michael Wrubel, a cryptocurrency expert sharing insights on his YouTube channel, has lauded Meme Kombat. With a subscriber base of 310K, Wrubel envisions the token potentially exploding by 100x on launch.
With the Bonk price risking a correction in the short term, those who missed the pump might consider turning to Meme Kombat before the presale ends.
With the presale selling out fast, seize the opportunity to explore Meme Kombat and become a part of this cryptocurrency gaming revolution.
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