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The Bonk price is down 8% in the last 24 hours to trade at $0.00001356 at 11:30 p.m. EST, while its trading volume for the day dropped 26% to $98 million.
Bonk’s rollercoaster ride has now brought its price tumbling 10% in the last week.
Bonk Price: Bulls Maintain Strong Support at $0.00001342
The Bonk price chart shows a bullish rally, causing its value to rise from the $0.0000003434 support zone to $0.00002829 resistance.
Following this, bears have taken charge, instigating a corrective phase and applying downward pressure to the price. It has descended to the earlier established support zone at $0.00001342, showcasing considerable strength and potentially allowing the bulls to regroup.
This has resulted in a descending triangle pattern, signaling a potential continuation of the bearish trend.
However, the BONK price still trades above the 200-day and 50-day Simple Moving Averages (SMAs), affirming the general bullish momentum and serving as immediate support levels.
The Relative Strength Index (RSI) indicates signs of rebounding at 46 below the 50 midline level, suggesting upcoming buying pressure.
The Bonk Price Prediction
The support zone at $0.00001342 remains strong, allowing the bulls to gather enough force to propel the price upwards.
The overall trend for the Bonk price remains bullish, generating a positive atmosphere among traders to aim at reclaiming the $0.00003445 high, which reflects a potential 160% increase from the present price.
However, if the bears continue exerting pressure, BONK could slip below the descending triangle, falling to the $0.000005625 support zone.
Meanwhile, as investors await a favourable entry for BONK, analysts say SpongeV2 might be the best meme coin to buy in 2024, offering lucrative opportunities for parabolic growth, especially after experiencing a 100X surge with SpongeV1.
Sponge V2 Launches Soon, Buy Now for 100x Returns
Sponge V2 is picking up from Sponge V1’s achievements and is set to make it better for investors, utilizing a stake-to-earn strategy committed to delivering 100X returns on investment.
https://twitter.com/spongeoneth/status/1736710430888739065?s=20
With a 2,900% surge achieved, Sponge V1 reached a market capitalization milestone of $100 million, enabling it to secure listings on over ten centralized exchanges, such as LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart, boasting a community of more than 13,000 holders.
It also garnered the support of 30,000 social followers.
SPONGE V2 is about to launch, with $1.87 million already staked and bridged. You can buy and stake $SPONGE through the provided widget to receive an equivalent bonus in V2 tokens at a token price of $0.000581.
Justin Sun’s support for SPONGE indicates his belief in the project’s potential to increase considerably, possibly up to 100X its current value. Sun has already bought 108,018 $SPONGE tokens, nowworth $49,458.
Final Call, Buy and Stake V2 Token Now, Earn Passive Income
Sponge V2 is offering a staking option for investors. You can stake your $SPONGE tokens in the SPONGE V2 smart contract through the token website to automatically secure your share of the V2 token upon its launch, accumulating tokens with an impressive 486% annual percentage yield (APY).
If you thought #Sponge v1 was good, just wait for #SpongeV2! 😎🧽🧽💦
We're coming back stronger than ever with more utility and our new #P2E game. 🔥
Hurry and stake your $SPONGE now!!#MemeCoin #Presale #Crypto pic.twitter.com/qroHE6XRMY
— $SPONGE (@spongeoneth) January 1, 2024
You can also participate in the play-to-earn (P2E) offering, which comes in a free and paid version. The paid version allows you to use $SPONGEV2 tokens to obtain additional game credits, enhancing your chances of earning more $SPONGE.
Exciting News! 🧽🚀
There will be a free and paid version of the new Sponge #P2E game.
You can play for fun on the free version, or use $SPONGEV2 tokens to purchase additional game credits and earn more $SPONGE 😎#MemeCoin #Presale #Crypto pic.twitter.com/kJsqBY3wQ3
— $SPONGE (@spongeoneth) December 27, 2023
To buy Sponge V2 tokens, connect your Web3 wallet to the official Sponge.vip website, swap your ETH or USDT for v2 tokens, or use your bank card to buy directly.
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