{"id":599176,"date":"2024-11-16T09:18:44","date_gmt":"2024-11-16T09:18:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=599176"},"modified":"2024-11-16T09:18:44","modified_gmt":"2024-11-16T09:18:44","slug":"bonk-price-prediction-bonk-soars-25-as-experts-say-this-new-meme-coin-rival-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bonk-price-prediction-bonk-soars-25-as-experts-say-this-new-meme-coin-rival-might-be-the-best-crypto-to-buy-now","title":{"rendered":"Bonk Price Prediction: BONK Soars 25% As Experts Say This New Meme Coin Rival Might Be The Best Crypto To Buy Now"},"content":{"rendered":"

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 <\/span>CoinGecko<\/span><\/a>.<\/span><\/p>\n

Bonk Price On A Sustained Bullish Trend<\/b><\/h2>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is currently around 65.36, suggesting the asset is in bullish territory but approaching overbought conditions (above 70).<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Bonk<\/p>\n

BONKUSD Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n

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.<\/span><\/p>\n

As the Bonk price aims for a more sustained bullish rally, some investors are turning to meme coins like the newly launched <\/span>Flockerz (FLOCK)<\/span><\/a> for the more explosive upside potential that’s found in presales.<\/span><\/p>\n

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\n