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The Bonk price has risen 10% in the last 24 hours to trade at $0.00001285 as of 7:00 a.m. EST, despite a 3% drop in trading volume to $153 million.
Bonk Price Rebounds From Key Support Level
The BONK/USDT 4-hour chart shows a potential bullish reversal following an extended period of downward movement within a bearish channel. Over the past few weeks, the price has been making lower highs and lower lows, signalling a sustained bearish trend.
However, the recent bounce from the major support zone between $0.00001050 and $0.00001200 indicates that selling pressure is weakening and buyers are stepping in. The price reached a daily high of $0.00001300 and a low of $0.00001267. The recent upward move could indicate the start of a potential trend reversal if the price sustains above key resistance levels.
One of the most important areas to watch is the resistance zone between $0.00001600 and $0.00001800. For the bullish momentum to gain traction, BONK needs to break and close above the LuxAlgo trendline cross, which is currently around $0.00001400.
BONKUSDT Analysis Source: Tradingview
Bonk Price Could Breakout Above $0.00001400
That level has acted as a resistance, and a confirmed breakout above it could trigger a strong upward rally toward the $0.00001568 price target, where previous price action indicates sellers might be waiting. On the downside, if the price fails to hold above $0.00001267, a retest of the support zone is likely, which could lead to a temporary pullback before another upward attempt.
Technical indicators suggest growing bullish momentum. The Relative Strength Index (RSI) is at 48.65, approaching the neutral 50 mark, which often serves as a pivot between bullish and bearish sentiment. Additionally, the signal line at 39.61 shows that buying interest is increasing. If the RSI successfully crosses above 50, it would further confirm a trend shift in favor of buyers, increasing the likelihood of further upside movement.
If it successfully breaks above $0.00001400, the price could rally toward $0.00001568 and beyond, confirming a bullish reversal. However, if the price fails to hold above $0.00001267, further consolidation or a retest of lower support levels could occur before another breakout attempt.
MEMEX Presale Closes On $4 Million – Last Chance To Buy
As the Bonk price fires for another bullish rally, the Meme Index (MEMEX) presale has surged past $3.9 million in early-stage funding.
MEMEX is a crypto investment platform designed to simplify diversified meme coin investing. With a single token, investors can gain exposure to multiple meme coins, streamlining portfolio diversification and eliminating the hassle of managing more than one asset.
Meme Index offers four carefully curated indexes, each covering a range of tokens, from established names to newly launched projects.
At Meme Index it's ALWAYS a party! 📈🥳 pic.twitter.com/o99pJqMvzZ
— Meme Index (@memecoin_index) March 4, 2025
The indexes include Meme Titan, Moonshot, Midcap, and Meme Frenzy, catering to different risk appetites.
The Meme Titan index is the safest option, featuring established meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). Conversely, the Frenzy index carries the highest risk, focusing on newly launched and emerging meme coins with high-profit potential but increased volatility.
The MEMEX token is the heart of the platform, empowering holders to vote on upgrades, index adjustments, and future developments. Meanwhile, secure transactions and automatic index updates are managed through smart contracts.
According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 726K subscribers, MEMEX has the potential to be the next 100x crypto.
Stake MEMEX For Huge Rewards – Only 26 Days Left
Early buyers can stake their tokens and earn a huge APY of 579%. As more tokens are staked, the APY will gradually decrease, offering the highest returns to early participants. So far, 173 million tokens have already been staked.
With just about 26 days remaining in the presale, investors can still purchase MEMEX at its current price of $0.0166883 before the official launch.
To Buy MEMEX, connect a compatible wallet like Best Wallet on the presale website and complete the purchase using USDT, ETH, BNB, or a bank card.
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