Bonk Price Prediction: BONK Pumps 4% As This New Pepe Derivative’s ICO Charges Toward $28 Million

The Bonk price pumped over 4% in the last 24 hours to trade at $0.00003681 as of 6:01 a.m. EST as investors start to buy into the Solana meme coin.

Despite the recent gain posted by the BONK price, the crypto was unable to erase its losses over the last week. As a result, the altcoin is still more than 4% in the red on the weekly time frame.

Bonk Price Consolidates

4-hour chart for BONK/USD (Source: GeckoTerminal)

The Bonk price recently entered into a consolidation phase between $0.00003459 and $0.00003751 in the last few hours. BONK was able to break above the upper boundary of this sideways range earlier today, but failed to close a 4-hour candle above this technical barrier.

Buyers recently rejoined the meme coin’s order books. Should bulls keep exerting pressure over the course of the next 8 hours, the Bonk price might gain the momentum needed to overcome and establish a position above the $0.00003751 mark. Thereafter, the meme coin could end up rising to as high as $0.00004065.

On the other hand, a rejection from the $0.00003751 resistance in the next 8 hours might lead to a correction for the Bonk price. Traders could end up pushing the meme coin’s price down to the closest support level at $0.00003447 in this alternative case. Dropping below this point might then result in the Bonk price falling to the subsequent support level at $0.00003133.

Technicals Suggest Buyers Are Slowly Taking Control Of The Bonk Price

From a technical standpoint, indicators on BONK’s 4-hour chart suggest the Bonk price might keep climbing in the next few hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest buyers are slowly starting to take control of the meme coin’s price.

In recent hours, RSI readings have started to rise. This has led to the indicator breaking above the neutral 50 benchmark, which could be seen as a sign of bullish strength. If RSI readings keep climbing, it could signal that buyers are accumulating strength against sellers on the 4-hour chart, which could give the former the power needed to push the Bonk price up higher.

Meanwhile, the MACD line is slowly starting to break away above the MACD Signal line. With the MACD line positioned above the MACD Signal line, it seems the Bonk price recently entered a short-term bullish trend. Traders will want to keep an eye on the MACD Histogram. If the readings for this indicator rise, it could indicate increasing bullish momentum.

As Bonk tries to escape consolidation, the presale for a new Pepe derivative by the name of Wall Street Pepe (WEPE) is charging towards $28 million.

What makes WEPE’s ICO performance up until now that much more impressive is the fact that its presale went live just 13 days ago. A potential reason behind the project’s momentum at this early stage could be the series of bullish predictions made about the WEPE token by multiple analysts.

Among those that are bullish on Wall Street Pepe is an analyst from the Cryptonews YouTube channel, which has over 13K subscribers. In a recent video, the analyst predicted that the WEPE token could be the next degen play.

Empowering Retail Traders To Compete Directly With Crypto Whales

Wall Street Pepe (WEPE) is a new meme coin project that aims to empower retail traders in the crypto trading scene, which has been dominated by crypto whales who keep their next moves a secret. More often than not, the trades executed by these crypto giants are to the detriment of smaller traders.

I didn’t choose the meme life. The meme life chooses me. 🐸 ⚔️

Join the army: https://t.co/ZDBhKay9ss pic.twitter.com/tTvIF8j7gT

— Wall Street Pepe (@WEPEToken) December 11, 2024

This is where Wall Street Pepe, with its rapidly-growing WEPE Army, seeks to make a difference. By joining the group of degen analysts, traders and investors will gain access to exclusive market insights and future alpha trade ideas that will enable them to trade like a pro.

Joining the WEPE Army is simple. All investors need to do is purchase WEPE Tokens through the simple buy widget embedded on the project’s website.

Investors Rush To Buy WEPE During Its Ongoing Presale

Wall Street Pepe has already raised over $27.5 million through its ICO, signaling strong investor confidence in the project’s future.

Selling for $0.0003646, WEPE can be bought with either crypto or bank card. Once purchased, the WEPE tokens can also be put to work for the 45% staking APY on offer to presale buyers.

Purchase and stake WEPE tokens here for the 45% APY.

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Newest Meme Coin ICO - Wall Street Pepe

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