{"id":491475,"date":"2024-03-20T13:13:17","date_gmt":"2024-03-20T13:13:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=491475"},"modified":"2024-03-20T13:13:17","modified_gmt":"2024-03-20T13:13:17","slug":"bonk-price-prediction-bonk-surges-8-as-experts-say-consider-this-solana-airdrop-rival-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bonk-price-prediction-bonk-surges-8-as-experts-say-consider-this-solana-airdrop-rival-for-100x-gains","title":{"rendered":"Bonk Price Prediction: BONK Surges 8% As Experts Say Consider This Solana Airdrop Rival For 100X Gains"},"content":{"rendered":"

The Bonk price rose 8% in the last 24 hours <\/span>to trade at $0.00002249<\/span><\/a> as of 03:26 a.m. EST on trading volume that dropped 8% to $323 million.<\/span><\/p>\n

This comes as the overall crypto market capitalization edges up 0.6% in the past day to $2.42 trillion, according to <\/span>CoinMarketCap.com<\/span><\/a>. <\/span><\/p>\n

Bonk Price Preparing For A Rebound Over The Falling Wedge<\/span><\/h2>\n
\"Bonk
BONKUSD Chart Analysis Source: TradingView.com<\/figcaption><\/figure>\n

After hitting an all-time high of $0.00004547, the Bonk price has been on a downtrend, falling within the boundaries of the falling wedge pattern after a consolidation phase within the $0.000035 range.<\/span><\/p>\n

But the bulls are looking to use the falling wedge pattern as an encouragement to push the price over the upper boundary.<\/span><\/p>\n

BONK is also trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the downtrend from the resistance level at $0.00004547.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently rebounding from the oversold region at 38. If the bulls sustain the upward trend, the RSI could soar past the 50-midline level, headed for the overbought region, which may indicate intense buying pressure.<\/span><\/p>\n

\"Bonk<\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, as the moving average line (blue) crosses above the signal line (orange), representing a bullish crossover. A bullish crossover acts as an encouragement for the bulls to add to their buys, which may soar the price to even higher positions.<\/span><\/p>\n

Additionally, the green bars are starting to form over the neutral line, which may show the start of positive momentum. The Average Directional Index (ADX) also supports this as it rises to level 34, showing the start of a strong bullish trend.<\/span><\/p>\n

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

The Bonk price analysis shows the start of a price rebound as the bulls aim to breach the upper boundary of the falling wedge as they target $0.000040. Additionally, the MACD and the ADX offer a bullish outlook for optimistic investors, who are likely to add to their positions.<\/span><\/p>\n

The 50-day SMA crosses above the 200-day SMA, forming a golden cross at $0.00001195, which further affirms the looming bullish rally.<\/span><\/p>\n

However, the MACD is still trading below the neutral line, which may give the bears some power. In this scenario, the bears may drive the price further down to the support zone at $0.00001909.<\/span><\/p>\n

With the Bonk price making a comeback, you may also want to diversify your portfolio with Smog, another Solana blockchain meme coin star.<\/span><\/p>\n

Smog Token Announces Massive Airdrop<\/span><\/h2>\n

Since its launch last month, <\/span>Smog<\/span><\/a> has accumulated over 102,503 holders and surged to a market capitalization of over $126 million.<\/span><\/p>\n

The token aims to surpass the success of Solana-based meme coin titans like WIF, BONK, and MYRO, and uses the slogan ”one memecoin to rule them all!.”<\/span><\/p>\n

\n

One #Memecoin<\/a> to rule them all! 🚀<\/p>\n

Get ready for the greatest #Airdrop<\/a> in history, distributed on #Solana<\/a>. 💰<\/p>\n

Join #SMOG<\/a> on Zealy! 🔥<\/p>\n

Link in Bio 🔗 pic.twitter.com\/vsn4p5cSF4<\/a><\/p>\n

— SMOG (@SMOGToken) February 8, 2024<\/a><\/p><\/blockquote>\n