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The Bonk value surged 25% within the final 24 hours to commerce at $0.00004350 as of 07:30 p.m. EST on buying and selling quantity that dropped 4% to $1.9 billion, in keeping with knowledge from CoinGecko.
Bonk Value On A Sustained Bullish Pattern
The BONK/USD chart demonstrates a robust bullish breakout following a protracted accumulation section. A traditional parabolic sample (highlighted on the chart) has been accomplished, resulting in a pointy rally. This sample is a textbook bullish continuation sign, indicating patrons have gained momentum.
The Bonk value, on account of the sustained bullish development, has now crossed above each the 50-day and 200-day Easy Shifting Averages (SMAs), a sign that the asset is on a optimistic trajectory.
In the meantime, the Relative Power Index (RSI) is at present round 65.36, suggesting the asset is in bullish territory however approaching overbought situations (above 70).
The Shifting Common Convergence Divergence (MACD) is now on the bullish development, with the blue MACD line crossing above the sign orange line, forming a bullish crossover.
If the momentum continues, supported by the RSI and the MACD, the worth of Bonk may soar even greater, with the $0.000070 performing as the subsequent attainable resistance zone.
BONKUSD Chart Evaluation (Supply: Tradingview)
Conversely, if the RSI climbs greater and not using a cooldown, a possible short-term retracement may happen as merchants might take income. On this situation, the Bonk value may plunge barely to $0.00002998, coinciding with the 50-day SMA.
Because the Bonk value goals for a extra sustained bullish rally, some traders are turning to meme cash just like the newly launched Flockerz (FLOCK) for the extra explosive upside potential that’s present in presales.
In response to 99Bitcoins, a preferred crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
Flockerz Races Towards $2 Million In Blockbuster Presale
Flockerz (FLOCK) is a meme coin undertaking that includes an progressive Vote-to-Earn (V2E) platform that empowers its neighborhood to affect key choices whereas incomes rewards. Its decentralized governance framework, Flocktopia, provides token holders management over the undertaking’s future.
The V2E platform from Flockerz is remodeling decentralization as we all know it. Put merely, all holders must do is vote on key choice to earn rewards paid in FLOCK tokens.
Within the turbulent skies of crypto, it’s all about flying collectively. Power in numbers, success in unity—fly with the flock! pic.twitter.com/vPwC75koVx
— Flockerz (@FlockerzToken) October 15, 2024
The undertaking has reached a complete of $1.97 million in funds raised in its ICO. One other key purpose traders are flocking to the presale of its native token, $FLOCK, is its mouth-watering staking rewards, at present perched at a blinding 1,015% APY.
Buyers considering becoming a member of the presale can go to the official Flockerz web site to purchase FLOCK tokens for $0.0060289 per token utilizing BNB, ETH, or USDT. You may also make a purchase order utilizing your financial institution card.
Purchase earlier than a value hike in lower than two days to safe one of the best deal.
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