{"id":634343,"date":"2025-03-10T15:39:00","date_gmt":"2025-03-10T15:39:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=634343"},"modified":"2025-03-10T15:39:00","modified_gmt":"2025-03-10T15:39:00","slug":"bonk-price-prediction-bonk-plummets-10-as-investors-pivot-to-this-ico-for-safer-meme-coin-investing-before-its-too-late-2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/bonk-price-prediction-bonk-plummets-10-as-investors-pivot-to-this-ico-for-safer-meme-coin-investing-before-its-too-late-2","title":{"rendered":"Bonk Price Prediction: BONK Plummets 10% As Investors Pivot To This ICO For Safer Meme Coin Investing Before It\u2019s Too Late"},"content":{"rendered":"

The Bonk price plummeted 10% in the last 24 hours to trade at $0.00001041 as of 12:31 a.m. EST on trading volume that pumped 89% to $105 million.<\/span><\/p>\n

Bonk Price Analysis: Potential Breakout On The Horizon?<\/b><\/h2>\n

The <\/span>BONK price<\/span><\/a> has been in a strong downtrend since reaching its peak in late November 2024. <\/span><\/p>\n

The chart shows a clear descending channel, with price action consistently forming lower highs and lower lows. This downward movement aligns with the broader correction in the altcoin market.<\/span><\/p>\n

A falling wedge pattern can be observed, which is a classic bullish reversal pattern that typically signals an upcoming breakout. The Bonk price is nearing the lower boundary of this wedge, indicating that a breakout attempt could be imminent.<\/span><\/p>\n

Additionally, the chart highlights an ABC corrective pattern, which suggests that the price of BONK may have completed its correction phase. If this structure holds, the market could see an upward move soon.<\/span><\/p>\n

The 50-day Simple Moving Average (SMA) (white line) is currently at $0.00001851, acting as a near-term resistance level. <\/span><\/p>\n

Meanwhile, the 200-day SMA (yellow line) is at $0.00002567, representing a long-term resistance point, according to <\/span>GeckoTerminal<\/span><\/a> data. <\/span><\/p>\n

The Relative Strength Index (RSI) is at 30.09, indicating that Bonk is approaching oversold territory. Historically, when the RSI hovers around this level, it suggests a potential rebound as buying pressure starts to build.<\/span><\/p>\n

\"BONK\/USDT
BONK\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

BONK Price Prediction<\/b><\/h2>\n

Given the current technical setup, Bonk is at a critical turning point. The combination of a falling wedge, oversold RSI, and historical support levels suggests that a potential reversal is likely.<\/span><\/p>\n

If the price of Bonk breaks above the falling wedge resistance and the 50-day MA, we could see an initial push toward $0.00002567 (200-day SMA). <\/span><\/p>\n

A successful breakout above the 200-day SMA could trigger a larger move toward the long-term target of $0.00004361, representing a 420% massive rally.<\/span><\/p>\n

However, if Bonk fails to break above resistance and falls below $0.00001000, the downtrend could continue, with the $0.000085 acting as a cushion against downward pressure.<\/span><\/p>\n

As the BONK price plunges, investors are shifting focus to a new meme coin called <\/span>Meme Index (MEMEX)<\/span><\/a>. <\/span><\/p>\n

According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.<\/span><\/p>\n