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The Bonk price has soared 32% in the past 24 hours to trade for $0.00002667 as of 05:11 a.m. EST.
BONK is among the top performing dog-themed meme coins, and sits alongside cat-themed MEW as the tokens lead meme coin gains. It comes following capital overflows from the Pepe market after the token was listed on Coinbase for futures trading.
The Bonk price is also rising after BONK went live on the Revolut app, bringing users in the EU and other eligible countries the option to trade in-app.
$BONK is now available on @revolutapp❗️❗️❗️
Users in the EU and other eligible countries can now trade in app, along with a Learn and Earn program starting on April 29th#LetsBONKhttps://t.co/ytW9rJu8a3
— BONK!!! (@bonk_inu) April 23, 2024
Analysts and trader @CryptoTony on said on X that meme coin season could be here as the Bonk price tagged $0.00002700.
2700 reclaim on the daily, i will get into a position. #Memecoins looking to comeback ? pic.twitter.com/szBZWHyX8k
— Crypto Tony (@CryptoTony__) April 24, 2024
Nevertheless, traders should watch for confirmation because despite growing momentum, the meme coin is facing strong overhead pressure as BONK holders are waiting to sell around $0.00003447.
Bonk Inu Price Prediction
The Bonk Inu price looks primed for a continuation rally, but there is a catch. For BONK holders to realize 30% gains that would be achieved once the price tags the 32.8% Fibonacci retracement level, they must first overcome the seller congestion zone that exists in the Golden Zone, between the 61.8% and 38.2% Fibonacci retracement levels.
Based on the outlook on the Relative Strength Index (RSI), momentum is rising amid a growing bullish sentiment. The large green histogram bars of the horizontal volume profile show this. If the bulls can haul the Bonk Inu price above the 50% and 38.2% Fibonacci retracement levels of $0.00003021 and $0.00003447 respectively, it would open the path for a continuation of the trend.
A candlestick close above the $0.00004000 psychological level on the twelve-hour timeframe would confirm the continuation of the trend.
Tradingview: BONK/USDT 12-hour chart
On the flip side, if BONK holders begin to cash in on the gains made, the Bonk Inu price could retreat. A 12-hour candlestick close below the $0.00002000 psychological level would invalidate the bullish thesis. Traders looking to take short positions on Bonk Inu price should wait for a break and close below around the $0.00002000 psychological level.
This is because the spikes in the vertical volume profile show significant buyer congestion blocks marked in yellow. Any efforts to send the Bonk Inu price lower would be countered by strong buying pressure from this cohort of traders.
Meanwhile, SLOTH, a potential new Solana meme coin competitor for BONK, is giving investors a last chance to buy after raising $15 million.
Promising Alternative To Bonk Inu
SLOTH is the powering token for the Slothana ecosystem, a Solana-based meme coin. Its presale has been a massive success, and is now less than five days from launch.
Crypto YouTube channel 99Bitcoins says the token has the potential to surge 100x after launch, similar to other recent sloth-themed meme coins.
Since its debut in the market, Slothana has generated significant interest among crypto enthusiasts. This is owed to a strong blockchain foundation and the fact that it rides a wave of successful sloth-themed projects like SLERF.
Slothana stands out for its unique design and the active community engagement that it enjoys. Its social media outlets are a testament to the project’s cultivation of a global community of sloth enthusiasts. Two representations of this include captivating imagery and compelling messaging.
🌿📜 And on the eleventh day before the grand unveiling, Slothana spoke unto its disciples, saying: 'Behold, the countdown draws ever nearer to its end.' 🚀 Let us remain steadfast in our slothful anticipation, for soon shall come the epoch of Slothana's glory. 🦥💫… pic.twitter.com/i88c7aDdv6
— Slothana (@SlothanaCoin) April 18, 2024
Last Chance To Buy SLOTH
In the past week, Solana developers deployed a mainnet beta update intended to address the network’s congestion problems. This has primed Solana and all its affiliated projects for a bounce back.
To be part of this wave, take advantage of the remaining four and a bit days. 
When Slothana’s timer runs down there will be an announcement for when tokens will be airdropped to buyers. The team has chosen to keep details under wraps for now to stir up some potentially explosive buying activity in the coming weeks.
Visit and buy Slothana here. One SOL buys 10,000 $SLOTH, which means each token has an approximate price of $0.015763 at the time of writing.
Also Read:
- How to Buy Slothana – SLOTH Review
- Slothana Price Prediction – SLOTH Price Analysis 2024
- Investors Send $1.5 Million In Solana To New Meme Coin Slothana
- Are Crypto Presales Worth It? The Pros and Cons You Need to Know!
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
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