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The Bonk price surged 24% in the last 24 hours to trade for $0.00002588 as of 00:05 a.m. EST on trading volume that soared 150%.
BONK is not alone, with the entire meme coin sector showing growing momentum after a 5% surge in the Bitcoin price. Solana-based Bonk is the biggest gainer right now, followed by Pepe with a 12% jump.
$BONK looking like this to me pic.twitter.com/2eYdYAPwCT
— Solana Myth (@blknoiz06intern) July 8, 2024
Bonk Price Prediction
The Bonk price has shown strength this week with two successive green candlesticks as bullish momentum grows. The altcoin has displayed massive volatility, seen with the large red and green candlesticks on the daily timeframe.
A look at the Relative Strength Index (RSI), which is showing higher lows and has nicked above the mean level of 50 shows BONK bulls are having their way. The Moving Average Convergence Divergence (MACD) is also above its signal line (orange band). These signals suggest that BONK bulls are currently dominating the market, and there is potential for further BONK price appreciation.
With buying pressure from the demand zone, the Bonk price could push north into the Fibonacci Golden Zone. Nevertheless, confirmation of the uptrend will only take place once the BONK price breaks and closes above the 38.2% Fibonacci retracement indicator at $0.00003816.
Beyond this level, the meme coin could extend its gains, potentially going as high as the 23.6% Fibonacci retracement level of $0.00004418. In a highly bullish case, the gains could extend to the peak of the market range at $0.00005391, levels last tested on March 30.
GeckoTerminal: BONK/USD 1-day chart
On the other hand, if early profit taking commences, the Bonk price could drop to retest the demand zone. A break and close below this order block would negate the bullish thesis.
Meanwhile, some meme coin enthusiasts are diversifying their portfolios with a hot presale called WienerAI, which has blasted past $7.2 million in funds raised.
YouTuber The Crypto Mark says this project is a good buy and encourages investors to get in during this ground floor stage.
Promising Alternative To Bonk
WAI is the native cryptocurrency for the WienerAI ecosystem, and it’s a hybrid token that taps into two of the hottest niches in crypto: meme coins and AI. It is also a lovable, hilarious, and undeniably unique creation.
WienerAI will soon launch a trading bot for token holders. This AI tool will leverage predictive technology to provide advice on when to buy and sell crypto. The project is committed to becoming the best and most powerful AI companion ever.
No knots, no worries!
WienerAI assists you with every trading problem. Let us untangle the market for you! 🌭📈 pic.twitter.com/du8ZfXd0os
— WienerAI (@WienerDogAI) July 8, 2024
WienerAI operates as an ERC-20 token on the Ethereum blockchain. It offers users seamless compatibility with a wide range of decentralized applications (dApps) and exchanges.
WienerAI assembling!
Join the revolution and let our AI supercharge your trading strategy 🌭🩻 pic.twitter.com/1pTwbvFdoC
— WienerAI (@WienerDogAI) July 5, 2024
WAI token holders can also stake their holdings for lucrative rewards, offering an Annual Percentage Yield (APY) of 156%. Over 6.642 billion WAI tokens have already been staked.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
The token is currently selling for only $0.000726. With a price hike coming in just over 10 hours, buy now to secure the best deal.
Visit and buy WienerAI tokens here.
Also Read:
- How to Buy WienerAI – $WAI Presale Review
- WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond
- Best AI Crypto Coin Projects: Top Picks for 2023
- New AI Meme Coin Presale WienerAI Unveils Trading Bot AI Companion, Laps Up $700K
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- Staking Rewards - pepeunchained.com
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