Bonk Price Prediction: BONK Pumps 13%, But All Eyes Are On This Coin That Might 20X On Bitcoin ETF Approvals

Updated: 16 November 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The Bonk price has surged 13% in the last 24 hours, trading at $0.00000292 at 6:50 a.m. EST, marking a 1,400% gain over the past month.

This has brought the token’s trading volume to $84.7 million, marking a 12% increase in the past 24 hours and contributing to its weekly performance, now up 64%.

Bonk Price: Bullish Momentum Persists, Bulls Eye New High

BONK Price Chart Analysis. Source: Tradingview.com — BONKUSD Chart Analysis. Source: Tradingview.com

Buyers have been consolidating at the $0.0000002080 support zone. This shows a strong recovery by the bulls, surpassing the $0.000001771 resistance point. This has led to the initiation of a bullish trend, marked by successive bullish candlestick patterns.

Despite being rejected at $0.000002941, the bulls have demonstrated resilience by regaining control around the $0.000001771 support level. This indicates the possibility of a prolonged bullish trend and gives the bulls the momentum to break the $0.000004540 resistance.

The BONK price is trading above the 200-day and 50-day moving averages, strengthening the bullish perspective. These moving averages act as immediate support levels, with the crossover at $0.0000004380 indicating the current dominance of the bulls.

Although the Relative Strength Index (RSI) has slightly decreased, it remains above the overbought threshold of 70, currently at 72. This suggests higher momentum and buying pressure compared to previous levels.

Bonk Price Remains Bullish

The overall outlook for BONK remains bullish, supported by the alignment of moving averages and the RSI. This encourages the bulls to target $0.000004538 as the next significant resistance, a 51% increase from the current price.

Conversely, if the resistance level at $0.000002941 holds strong, bears could seize the opportunity to correct the price toward the $0.000001771 support zone.

Given that risk, investors may also want to consider a presale token that’s aligned with the huge upside potential of spot Bitcoin ETF approvals.

BTCETF Token Poised For 20X Return

The Bitcoin ETF Token ($BTCETF) project has experienced a surge in value, surpassing the $800k milestone amidst the growing excitement surrounding Bitcoin ETF approval.

As an investor, you can join the presale and take advantage of the four days remaining in the current stage to secure your tokens at a discounted price of $0.0054 each.

The project is on the brink of achieving its initial target of $1.31 million, having already garnered over $856K. Seize the chance to invest early, as the price is poised to rise in the upcoming stage.

Grayscale's move with an $ETH futures #ETF might be a chess play to secure a spot for an #EthereumETF approval.

Bloomberg's analyst James Seyffart sees it as a 'trojan horse' tactic.

How do you perceive this regulatory chess match?#BTCETF has also now raised over $800K!🚀 pic.twitter.com/DW2DclMzOu

— BTCETF_Token (@BTCETF_Token) November 16, 2023

Buy BTCETF Token, Stake, Earn Passive Income

You also have the opportunity to earn passive income through staking. About 92 million BTCETF tokens have been staked, offering an impressive annual percentage yield (APY) of 309%.

However, it’s essential to note that the APY rate is anticipated to decrease as more investors stake their tokens. With a limited supply of 840 million tokens available for presale, early investors stand to benefit the most from the current high interest rates.

Stage 3 of the #BitcoinETF is now well underway! 🏁 pic.twitter.com/rJ5cnfkpDV

— BTCETF_Token (@BTCETF_Token) November 16, 2023

Alessandro De Crypto, a YouTuber, and analyst with over 11.6K subscribers, shares his confidence in the BTCETF token as the next significant development in the crypto space.

He provides insights tailored for investors who are interested in acquiring tokens early for potentially substantial rewards.

https://youtu.be/hsO9HNneaDg

Buying $BTCEFT tokens is a simple process. Visit the Bitcoin ETF token website, connect your wallet, and exchange your ETH, Matic, or USDT for $BTCEFT, or use your bank card for the direct transaction.