{"id":469712,"date":"2024-01-03T10:40:33","date_gmt":"2024-01-03T10:40:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=469712"},"modified":"2024-01-03T10:40:33","modified_gmt":"2024-01-03T10:40:33","slug":"bonk-price-prediction-bonk-plunges-10-in-a-week-as-analysts-say-this-might-be-the-best-meme-coin-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bonk-price-prediction-bonk-plunges-10-in-a-week-as-analysts-say-this-might-be-the-best-meme-coin-to-buy-now","title":{"rendered":"Bonk Price Prediction: BONK Plunges 10% In A Week As Analysts Say This Might Be The Best Meme Coin To Buy Now"},"content":{"rendered":"

The Bonk price is down 8% in the last 24 hours to trade<\/span> at $0.00001356 <\/span><\/a>at 11:30 p.m. EST, while its trading volume for the day dropped 26% to $98 million.<\/span><\/p>\n

Bonk’s rollercoaster ride has now brought its price tumbling 10% in the last week. <\/span><\/p>\n

Bonk Price: Bulls Maintain Strong Support at $0.00001342<\/span><\/h2>\n
\"Bonk
BONKUSD Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

The Bonk price chart shows a bullish rally, causing its value to rise from the $0.0000003434 support zone to $0.00002829 resistance. <\/span><\/p>\n

Following this, bears have taken charge, instigating a corrective phase and applying downward pressure to the price. It has descended to the earlier established support zone at $0.00001342, showcasing considerable strength and potentially allowing the bulls to regroup. <\/span><\/p>\n

This has resulted in a descending triangle pattern, signaling a potential continuation of the bearish trend.<\/span><\/p>\n

However, the BONK price still trades above the 200-day and 50-day Simple Moving Averages (SMAs), affirming the general bullish momentum and serving as immediate support levels. <\/span><\/p>\n

The Relative Strength Index (RSI) indicates signs of rebounding at 46 below the 50 midline level, suggesting upcoming buying pressure.<\/span><\/p>\n

The Bonk Price Prediction<\/span><\/h2>\n

The support zone at $0.00001342 remains strong, allowing the bulls to gather enough force to propel the price upwards. <\/span><\/p>\n

The overall trend for the Bonk price remains bullish, generating a positive atmosphere among traders to aim at reclaiming the $0.00003445 high, which reflects a potential 160% increase from the present price.<\/span><\/p>\n

However, if the bears continue exerting pressure, BONK could slip below the descending triangle, falling to the $0.000005625 support zone.<\/span><\/p>\n

Meanwhile, as investors await a favourable entry for BONK, analysts say SpongeV2 might be the best meme coin to buy in 2024, offering lucrative opportunities for parabolic growth, especially after experiencing a 100X surge with SpongeV1.<\/span><\/p>\n

Sponge V2 Launches Soon, Buy Now for 100x Returns<\/span><\/h2>\n

Sponge V2<\/span><\/a> is picking up from Sponge V1’s achievements and is set to make it better for investors, utilizing a stake-to-earn strategy committed to delivering 100X returns on investment.<\/span><\/p>\n

https:\/\/twitter.com\/spongeoneth\/status\/1736710430888739065?s=20<\/p>\n

With a 2,900% surge achieved, Sponge V1 reached a market capitalization milestone of $100 million, enabling it to secure listings on over ten centralized exchanges, such as LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan, and BitMart, boasting a community of more than 13,000 holders.<\/span><\/p>\n

It also garnered the support of 30,000 social followers. <\/span><\/p>\n

SPONGE V2<\/span><\/a>  is about to launch, with $1.87 million already staked and bridged. You can buy and stake $SPONGE through the provided widget to receive an equivalent bonus in V2 tokens at a token price of $0.000581.<\/span><\/p>\n

Justin Sun’s support for SPONGE indicates his belief in the project’s potential to increase considerably, possibly up to 100X its current value. Sun has already bought <\/span>108,018 $SPONGE tokens,<\/span><\/a> nowworth $49,458. <\/span><\/p>\n

Final Call, Buy and Stake V2 Token Now, Earn Passive Income<\/span><\/h2>\n

Sponge V2<\/span> is offering a staking option for investors. You can stake your $SPONGE tokens in the SPONGE V2 smart contract through the token website to automatically secure your share of the V2 token upon its launch, accumulating tokens with an impressive 486% annual percentage yield (APY). <\/span><\/p>\n

\n

If you thought #Sponge<\/a> v1 was good, just wait for #SpongeV2<\/a>! 😎🧽🧽💦<\/p>\n

We're coming back stronger than ever with more utility and our new #P2E<\/a> game. 🔥<\/p>\n

Hurry and stake your $SPONGE<\/a> now!!#MemeCoin<\/a> #Presale<\/a> #Crypto<\/a> pic.twitter.com\/qroHE6XRMY<\/a><\/p>\n

— $SPONGE (@spongeoneth) January 1, 2024<\/a><\/p><\/blockquote>\n