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The Bonk price surged 25% in the last 24 hours to trade at $0.00004350 as of 07:30 p.m. EST on trading volume that dropped 4% to $1.9 billion, according to data from CoinGecko.
Bonk Price On A Sustained Bullish Trend
The BONK/USD chart demonstrates a strong bullish breakout following a prolonged accumulation phase. A classic parabolic pattern (highlighted on the chart) has been completed, leading to a sharp rally. This pattern is a textbook bullish continuation signal, indicating buyers have gained momentum.
The Bonk price, as a result of the sustained bullish trend, has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication that the asset is on a positive trajectory.
Meanwhile, the Relative Strength Index (RSI) is currently around 65.36, suggesting the asset is in bullish territory but approaching overbought conditions (above 70).
The Moving Average Convergence Divergence (MACD) is now on the bullish trend, with the blue MACD line crossing above the signal orange line, forming a bullish crossover.
If the momentum continues, supported by the RSI and the MACD, the price of Bonk could soar even higher, with the $0.000070 acting as the next possible resistance zone.
BONKUSD Chart Analysis (Source: Tradingview)
Conversely, if the RSI climbs higher without a cooldown, a potential short-term retracement could occur as traders may take profits. In this scenario, the Bonk price could plunge slightly to $0.00002998, coinciding with the 50-day SMA.
As the Bonk price aims for a more sustained bullish rally, some investors are turning to meme coins like the newly launched Flockerz (FLOCK) for the more explosive upside potential that’s found in presales.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
Flockerz Races Toward $2 Million In Blockbuster Presale
Flockerz (FLOCK) is a meme coin project featuring an innovative Vote-to-Earn (V2E) platform that empowers its community to influence key decisions while earning rewards. Its decentralized governance framework, Flocktopia, gives token holders control over the project’s future.
The V2E platform from Flockerz is transforming decentralization as we know it. Put simply, all holders need to do is vote on key decision to earn rewards paid in FLOCK tokens.
In the turbulent skies of crypto, it’s all about flying together. Strength in numbers, success in unity—fly with the flock! pic.twitter.com/vPwC75koVx
— Flockerz (@FlockerzToken) October 15, 2024
The project has reached a total of $1.97 million in funds raised in its ICO. Another key reason investors are flocking to the presale of its native token, $FLOCK, is its mouth-watering staking rewards, currently perched at a dazzling 1,015% APY.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens for $0.0060289 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.
Buy before a price hike in less than two days to secure the best deal.
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