The Bonk price surged 5% in the last 24 hours to trade at $0.00002285 as of 3.15 a.m. EST on trading volume that skyrocketed 80% to $255.6 million.
Bonk Price Prediction
Right now, Bonk is experiencing increased volatility with its price showing uncertainty as it struggles against a smaller resistance at $0.0000230. According to some technical indicators, BONK still has plenty of room to grow, but the fact that this resistance is preventing it suggests that the traders are hesitant to buy.
Bonk’s Bollinger bands have seen a noticeable widening in the past few hours, placing greater distance between the two lines right now than during its price surge in the last 18 hours. However, while wider bands are typically a positive signs, this widening happened during the correction, when the price dropped to the lower band and it pushed it further down.
Now, the price is trying to return to the middle point between the two bands, although it is still seeing minor fluctuations that do not allow it to stabilize.
Meanwhile, the project’s Relative Strength Index (RSI) value has spent the last 18 hours fluctuating between the neutral zone and the overbought area, only to then drop almost to the start of the oversold zone only four hours ago. Since then, it started its increase again, but the neutral zone at the value of 50 caused the traders to stop buying.
In other words, assuming that the traders are using the RSI score to determine their moves, they have chosen to take profits once the RSI reached the neutral zone, rather than continue pushing to the overbought area.
This reflected on the price by allowing it to climb slightly to the resistance at $0.0000230, but preventing it from breaching this level and venturing further up to $0.0000235 — a level that rejected it earlier today.
Assuming that the Bonk will return to the old pattern seen earlier in the last 24 hours, it might start fluctuating between $0.0000230 and $0.0000225, unless if the wider market sees a strong bullish wave that would expand to include Bonk as well, allowing it to blow up alongside Bitcoin.
Promising Alternative To Bonk
Investors looking to diversify their meme coin portfolios might consider a new meme coin project known as Crypto All-Stars (STARS) , a project that YouTuber ClayBro, with over 130k subscribers, says could explode by 67x after it launches.
Crypto All-Stars is a new crypto presale that aims to revolutionize meme coin staking. The project invented a new type of smart contract for staking called MemeVault, which allows users to stake multiple meme coins on one platform.
The project will enable the staking of 11 meme coins from launch, including DOGE, PEPE, SHIB, TURBO, BRETT, and BONK.
If you are eager to join investors who have pumped more than $2.3 million into the project, STARS sells now for $0.0015007 and can be bought with ETH, USDT, BNB, DOGE, SHIB, PEPE, FLOKI, or credit/debit cards.
Buy before a price hike in less than 24 hours for the best deal.
Visit the official STARS website here.
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- New Cryptocurrency Releases, Listings, & Presales Today – Syncvault, NOTAI, Crypto All Stars
