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The Bonk price surged 17% in the last 24 hours to trade at $0.00002250 as of 03:30 a.m. EST on trading volume that skyrocketed 81% to $412 million.
The BONK price pump almost matched that of the broader meme coin market, which jumped 18% to a $56 billion market capitalization. Market sentiment was buoyed by Bitcoin surpassing the $65K level.
Bonk Price Aims For A Bullish Trend Continuation
The Bonk price has been on a downtrend since August 24, as the bears took control of the price around the $0.00002258 support zone to drive the price down to the $0.000016 support zone, according to data from GeckoTerminal.
BONK bulls then used this support to push Bonk’s price back towards a markup phase, forming a rounding bottom pattern.
The current bullish momentum is now supported by the price of Bonk trading above both the 50-day and 200-day Simple Moving Averages (SMAs).
The MACD line (blue) is above the signal line (orange), which is another bullish indicator. This shows that momentum is strongly in favor of buyers. The histogram is also positive, reinforcing this bullish outlook.
However, the lines are a bit extended, so while bullish, a minor correction could occur before continuing upward.
The RSI is currently at 80.55, indicating that the asset is in overbought territory. An RSI above 70 suggests that the price might be overextended in the short term, potentially leading to a small pullback.
Bonk Price Prediction
The BONK/USD chart on the 4-hour timeframe suggests a strong bullish trend with an imminent breakout. The price is above the 50 and 200 MA, the MACD is bullish, and the volume is rising.
If this momentum continues, the price of Bonk could soar even higher, with the bulls targeting $0.00003070.
However, with the RSI in overbought territory, a short-term pullback or consolidation might happen before a further move up. Keep an eye on the resistance level at 0.000020; if broken, it may lead to a continuation of the bullish trend.
Meanwhile, investors are rushing to buy the new token Mega Dice (DICE), which is offering investors a last chance to buy before its presale ends in only 2 days.
According to the 99Bitcoins YouTube channel, with more than 706k subscribers, $DICE could soar 100X after its launch.
Hot New Solana GambleFi Token Mega Dice Blasts Past $1.9 Million
Mega Dice’s presale has surpassed $1.9 million as it prepares to debut on Solana’s Raydium DEX on Sept. 30.
The platform boasts over 4,000 games, 50+ sports betting options, and a thriving community of 50,000 active players. Its 10,000 active players generate over $50 million in wagers every month.
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DICE aims to surpass the crypto casino giant Rollbit Coin and emulate the success of earlier launches like TG.Casino, which soared 4X after listing.
Mega Dice’s three-season airdrop, each offering $750K in giveaways, is currently in its final phase. To qualify, players must wager at least $15K by October 2. Those wagering with $DICE will receive a 15% bonus.
Investors can stake their tokens for an impressive 287% annual yield, with almost a third of tokens already staked.
If you’d like to join the presale, you can buy $DICE on the official website here for $0.116056 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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