Bonk Price Prediction: BONK Pumps 35% And Is Up 2,235% In A Month, Yet This Meme Coin Upstart Steals Its Thunder With 10X Potential

ByEvans Karanja

Updated: 20 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.

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The Bonk price experienced a 35.4% surge in the last 24 hours, trading at $0.00000447 at 05:50 EST, bringing its monthly gain to 2,235%.

The token’s trading volume jumped 132% to $87.17 million.

BONK Price Approaching February High

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

BONK price action shows buyers consolidating at the $0.0000002180 support zone and bursting into a robust recovery, surpassing the $0.000001771 resistance point. This has initiated a bullish trend, evident through consecutive bullish candlestick patterns.

Despite facing rejection at $0.000002941, bulls have shown resilience by regaining control near the $0.000001771 support level. This suggests the potential for a sustained bullish trend, providing momentum for reaching the February high at $0.000005232.

The BONK price trades above the 200-day and 50-day moving averages, reinforcing the bullish outlook. These moving averages serve as immediate support levels, and the crossover at $0.0000004380 indicates current bullish dominance.

While the Relative Strength Index (RSI) has slightly decreased, it remains above the overbought threshold of 70, currently at 77. This implies higher momentum and buying pressure compared to previous levels.

The overall perspective for BONK remains bullish, supported by the alignment of moving averages and the RSI. This encourages bulls to target $0.000005232 as the next significant resistance, representing a 25% increase from the current price.

Bonk Price: Possible Double Top Pattern at $0.000005232

However, a double top pattern can form at the $0.000005232 level, indicating a potential bearish shift. In such a scenario, bears could seize control, leading to a correction in price towards the $0.000002941 support zone.

If you missed the BONK price surge, consider exploring the Meme Kombat presale token aligned with the significant potential for a 10X return on investment.

Meme Kombat (MK) Closes On $2 Million Presale Goal

Time is running out to lock in your Meme Kombat (MK) tokens at the current price of $0.205, as the rate is set to increase to $0.214 in less than 3 days.

Securing MK tokens early has advantages, given the impending price rise to $0.214 in the next phase and $0.274 by January 2024. This will mark a massive return on investment for those who buy now.

The presale has already gathered an impressive $1.92 million and is rapidly approaching its $2 million goal.

We have hit the $1.9 million milestone for our $MK presale💪

Memers never stop🏎️ pic.twitter.com/j2jnmUW5u8

— Meme Kombat (@Meme_Kombat) November 19, 2023

Buy, Stake MK Tokens, Enjoy 10,000 USDT Giveaway

Staking in MK tokens offers a substantial Annual Percentage Yield (APY) of 112%, with 30% of the token supply reserved for staking and participant rewards in meme battles.

Meme Kombat provides automatic staking options, various betting choices, and a robust tokenomics model for long-term sustainability.

You also get to participate in the 10,000 USDT giveaway contest. With a mere $100 MK token purchase, you qualify for a chance to win $1,000 USDT. The contest remains open until the presale reaches $2 million, allowing you to engage in meme battles with MK tokens and bet on your favourite memes for exciting prizes.

Hurry, only $80,000 remains to reach the $2 million goal.

Don't forget that we are going to be giving away 10,000 USDT when we hit $2 million raised in presale🤩

The time is drawing near, so get those >$100 buys in fighters!$MK pic.twitter.com/CRrn8lrZ0I

— Meme Kombat (@Meme_Kombat) November 20, 2023

The CryptoNews YouTube channel, with a strong following of over 5,000 subscribers, provides an in-depth analysis of Meme Kombat’s potential to yield 10X returns.

Take advantage of this amazing presale opportunity by visiting the official Meme Kombat website where you can easily connect your Web3 wallet and acquire MK tokens using BNB, ETH, or USDT.