Bonk Value Prediction: BONK Is Week’s Largest Loser With 27% Plunge, However This Would-Be Meme Coin King Hurtles Previous $6.1 Million


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The Bonk value is the most important loser this week among the many crypto high 100, plummeting 27% to commerce for $0.0000107 as of 1:00 a.m. EST time.

Over the past 24 hours, the worth has dropped 8% with buying and selling quantity dwindling 5%. The hunch additionally comes amid the waning of SOL meme coin mania, with Solana value dropping 7% to change into the most important loser among the many crypto high 10, adopted by Avalanche (AVAX).

BONK can be the most important loser among the many high 5 meme cash.

Bonk

The plunge noticed Bonk value lose probably the most crucial assist at $0.0000138, marked by the 38.2% Fibonacci stage.

BONK Value Outlook Amid Dissipating Meme Coin Euphoria

Bonk value stays on a downtrend, consolidating throughout the confines of a descending parallel channel. So long as the Solana-based meme coin stays inside this technical formation, BONK holders are sure to incur extra losses.

Sadly, the Relative Energy Index (RSI), which reveals momentum, can be falling, to point out shopping for strain continues to dwindle. This favors the draw back. The Superior Oscillator (AO) indicator can be within the damaging territory, suggesting the bears have established a powerful presence within the Bonk market, accentuated by the purple histogram bars.

Elevated vendor momentum may see the Bonk value prolong the autumn to lose the assist because of the 23.6% Fibonacci stage at $0.0000088. Within the dire case, the hunch may prolong for the Bonk value to tag the ground of the market vary at $0.0000007. Such a transfer would represent a 92% drop beneath present ranges.

Bonk
coinnewswirescom: BONK/USDT 1-day chart

Converse Case

On the flipside, the Common Directional Index (ADX) indicator, which quantifies pattern power, is falling, suggesting that the power of the downtrend is weakening. Because of this the BONK value downtrend may quickly backside out, resulting in a doable consolidation or bounce.

If shopping for strain will increase, the Bonk value may rise, restoring above the $38.2% Fibonacci stage. For the bearish thesis to be invalidated, nevertheless, BONK value should retrace the 50% and 61.8% Fibonacci ranges at $0.0000179 and $0.0000220 Fibonacci ranges respectively, to fill the market vary at $0.0000278.

The above would mark a full-swing restoration rally, however for an uptrend, Bonk value should report a better excessive above the December 15 vary excessive of $0.0000350.

In the meantime, whereas meme cash lose some momentum, there’s one sector participant, MK, which continues to shine, hurtling previous the $6.1 million mark in presale gross sales. It ranks amongst analysts’ high picks for the perfect meme cash to purchase in 2024 with potential for exponential progress.

Promising Various To Bonk

MK is the native crypto for the Meme Kombat challenge, an revolutionary new gaming platform designed for gaming fans. The challenge is within the presale stage, boasting an impressive $6.132 million raised because it attracts close to to its $6.5 million goal.

Together with the assist seen within the presale collections, which can be a present of perception within the challenge, the social media group can be rising, with Telegram alone recording upwards of seven,000 members whereas X has accrued 14.5K.

Buyers trying to purchase MK can accomplish that on the official web site, the place every Meme Kombat token is promoting for $0.279. Don’t miss this funding because the presale edges nearer to the tip. Bear in mind, Meme Kombat is a challenge that has the potential to face alongside meme coin titans together with Shiba Inu (SHIB), Pepe (PEPE), and Dogecoin (DOGE), which have taken the meme coin world by storm.

Token holders can even reap the benefits of the staking operate, with the dashboard already dwell. Stakers are already having fun with annual proportion yields as excessive as 154%, with 78% of your entire MK token bucket already staked.

Don’t anticipate battles, start incomes APY on $MK tokens in the present day by shopping for the presale.

MK stake

In the meantime, YouTube crypto analysts proceed to name your consideration to the ripening alternative that’s Meme Kombat. In response to ClayBro, who boasts over 116k subscribers to his channel, this challenge has the potential to be the “greatest meme coin gaming token of 2024”.

Others have even listed MK among the many finest 5 cash to observe in 2024.

Go to Meme Kombat web site to purchase MK within the presale right here.

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