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The Bonk price has pumped 31% in the last 24 hours to trade at $0.0000141 as of 8:20 a.m. EST on trading volume that surged 308% to $233 million.
The surge in the BONK price comes amid signs it may have bottomed out and could soon undergo a bullish breakout.
Bonk Price Signals A Bull Rally Above the Cup and Handle Pattern
BONKUSDT Analysis By Tradingview
The Bonk price indicates a rebound following a prolonged downtrend, with the support zone at $0.00001005 empowering bulls to drive the price higher. It has also formed a cup and handle pattern signaling a bullish trend continuation.
Despite the resistance point at $0.00001506 allowing the bears to push down the price, the bulls show resilience, driving the price up and completing the handle part of the pattern. If the momentum sustains, the BONK price could overcome the $0.00001506 hurdle.
The Bonk price also trades above the 50-day simple moving average(SMA), reinforcing the bullish momentum.
Furthermore, the Relative Strength Index (RSI) reflects a rebound around 43 below the 50 midline level to 61, signaling an overall bullish sentiment and intense buying pressure in the market.
The BONK Price Bulls Aim To Break To A New High
The BONK price is surging highly as the bulls aim to achieve new highs in 2024. If the sustained bullish momentum persists, there is potential for the price to reach levels at $0.00001992, indicating a possible 30% increase from the current price.
However, if bears intervene in a corrective phase price could potentially trigger a retracement towards the $0.00001252 support level coinciding with the 50 SMA.
Meanwhile, investors seeking other lucrative investment opportunities could consider diversifying their portfolios into SMOG. It’s been making waves in the meme coin world with the promise of a humongous upcoming airdrop.
Smog: Best Crypto To Buy Now
Smog, a new arrival on the Solana blockchain, aims to dominate Solana meme coin titans including BONK, MYRO and WIF and uses the slogan, “One meme coin to rule them all.”
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Aiming to surpass previous Solana airdrops, the team behind Smog has allocated 35% of its 1.4 billion token supply for its upcoming airdrop. It says the airdrop will be the biggest ever.
You can participate in two ways to be eligible for the Smog airdrop. The easiest way is to buy and hold Smog tokens in your wallet.
You can also participate by completing various tasks, via which you accumulate airdrop points that are managed by Zealy. There are already over 10,000 airdrop members, and more than 600,000 tasks have been completed.
More Airdrops, Staking, And 100X Potential! Don’t Miss Out!
The Smog team is also airdropping tokens worth $1.5k every day to holders of Bonk, Dogwifhat, Myro, and Samoyedcoin.
Additionally, Smog’s staking protocol offers a passive income opportunity of an impressive 42% annual percentage yield (APY) when you stake your tokens.
Join the #SMOG community on #Zealy and increase your points for the $SMOG #Airdrop. 🐲
Complete quests for extra points! 📊
Stay tuned for upcoming announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
CryptoGains a well-known crypto analyst and YouTuber, says Smog has the potential to 100X your investment
SMOG has over 28,800 holders and a community of 65,000 members across various platforms, with a $39 million market cap.
Visit SMOG’s official website to buy and stake Smog tokens for a 10% discount and airdrop eligibility.
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