{"id":476013,"date":"2024-01-29T10:53:53","date_gmt":"2024-01-29T10:53:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=476013"},"modified":"2024-01-29T10:53:53","modified_gmt":"2024-01-29T10:53:53","slug":"saudi-bonk-price-prediction-saudibonk-skyrockets-139-as-experts-say-this-ico-may-be-the-best-meme-coin-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/saudi-bonk-price-prediction-saudibonk-skyrockets-139-as-experts-say-this-ico-may-be-the-best-meme-coin-to-buy-now","title":{"rendered":"Saudi Bonk Price Prediction: SAUDIBONK Skyrockets 139% As Experts Say This ICO May Be The Best Meme Coin To Buy Now"},"content":{"rendered":"

The Saudi Bonk price <\/span>surged<\/span><\/a> more than 139% over the last 24 hours to trade at $0.00002091 as of 11:40 p.m. EST.<\/span><\/p>\n

The Saudi Bonk Price Breaks Below A Positive Trend Line<\/span><\/h2>\n

\"TradingView<\/p>\n

1-hour chart for SAUDIBONK\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The Saudi <\/span>Bonk<\/span><\/a> price printed a second higher low on its hourly chart earlier in today’s trading session, which resulted in the formation of a positive trend line. However, the crypto’s price has dropped below this line, exposing SAUDIBONK to the risk of plummeting down to $0.000004626 in the next 24 hours.<\/span><\/p>\n

This bearish thesis may be invalidated if the Saudi Bonk price is able to reclaim a position above the positive trend line by the end of today’s trading session. In this alternative scenario, the altcoin may attempt a challenge at the $0.000042336 resistance level in the following 48 hours.<\/span><\/p>\n

The Saudi Bonk Price Will Need To Overcome Technical Obstacles<\/span><\/h2>\n

Before the Saudi Bonk price can begin to climb, however, it will need to overcome two major technical obstacles. More specifically, the 9 Exponential Moving Average (EMA) line and the 20 EMA line on the 1-hour chart are acting as resistance for SAUDIBONK. <\/span><\/p>\n

If the altcoin is able to flip both of these technical indicators into support, it could have the fondation needed to rise to $0.000042336. <\/span><\/p>\n

A confirmation of this bullish thesis materializing may be when the Moving Average Convergence Divergence (MACD) line crosses above the MACD Signal line. This may signal that the Saudi Bonk price has entered into a short-term positive trend. <\/span>Traders<\/span><\/a> and investors will want to note that the MACD line on the 1-hour chart is breaking away below the MACD Signal line. This suggests that the crypto is in a negative trend which shows no signs of weakening.<\/span><\/p>\n

While the Saudi Bonk price attempts to continue its positive streak, Sponge V2 shows the promise of becoming the next best meme coin in the crypto market.<\/span><\/p>\n

Looking To Repeat Its 100X Track Record<\/span><\/h2>\n
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Warning: $SPONGE<\/a> may cause extreme joy in wallets! 🧽💰#SpongeV2<\/a> #AltSeason<\/a> #Bullish<\/a> pic.twitter.com\/o5BRUl6V3Q<\/a><\/p>\n

— $SPONGE (@spongeoneth) January 28, 2024<\/a><\/p><\/blockquote>\n