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The Bonk value surged 9% within the final 24 hours, to commerce at $0.00004612 as of 07:48 p.m. EST on buying and selling quantity that skyrocketed 69% to $942 million, in keeping with Coingecko
Bonk Worth Gearing Up In the direction of A Sustained Bullish Pattern Reversal
The Bonk value is at the moment on a slight correction after a major rally in November. The bulls proceed to capitalize on the $0.00002090 help degree to take care of the value of Bonk above each the 50-day and 200-day Easy Transferring Averages (SMAs).
After the surge, BONK is now buying and selling inside the boundaries of a falling channel sample, however with the prospects of a breakout, because the Bonk value now touches the higher boundary of the channel.
The present Relative Power Index (RSI) worth is 57.20, which is within the neutral-to-bullish zone. This means that the value has room to rise additional earlier than getting into overbought territory. A current upward shift in RSI displays a restoration in momentum after the consolidation on the 12-hour timeframe.
In the meantime, the Transferring Common Convergence Divergence (MACD) line (blue) is barely above the orange sign line, suggesting gentle bullish momentum. Nevertheless, the histogram exhibits minimal separation, indicating that momentum shouldn’t be significantly robust but.
After the breakout from the falling channel, the value might try to check the $0.0000500 resistance zone, the place earlier highs are situated. Sustained shopping for stress might push it past this degree. In such a situation, the Bonk value bulls might goal the subsequent doable resistance at $0.000060.
BONK/USDT Chart Evaluation Supply: Tradingview
Conversely, in case of a retracement, the 200-day SMA ($0.00002666) and the higher wedge boundary might act as speedy help ranges.
Because the Bonk value goals for a sustained bullish pattern reversal over the falling channel, some traders are turning to presale meme cash just like the newly launched Flockerz (FLOCK) for extra explosive upside potential.
In keeping with 99Bitcoins, a well-liked crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Raises Over $5 Million In Blockbuster Presale, Closing In On The $6 Million Mark
Flockerz has reached a complete of $5 million in its ICO because it continues its mission to place the facility again within the arms of the crypto neighborhood.
Armed with the first-ever vote-to-earn (V2E) mechanism, propeller-beanie-wearing feathered mates are withdrawing within the crypto stratosphere, pushed by keen traders hungry for management over their meme coin holdings.
The flocks at all times serving to one another attain their objectives!
Teamwork makes the dream work! pic.twitter.com/Mk97zpMy37
— Flockerz (@FlockerzToken) December 2, 2024
As the one meme coin to introduce the V2E mechanism, Flockerz ($FLOCK) is setting a brand new customary for your complete meme coin sector.
The V2E function permits the Flockerz neighborhood to straight affect the mission’s route. Holders of $FLOCK tokens can vote on key choices resembling protocol upgrades, treasury administration, and neighborhood proposals, with their votes rewarding them in $FLOCK tokens. In brief, voting equals incomes.
Even when every part’s burning round you.
You are at all times okay once you’re with the flock! pic.twitter.com/dDeu98Flob
— Flockerz (@FlockerzToken) November 19, 2024
The underlying framework of Flockerz is anchored in a decentralized autonomous group (DAO) referred to as Flocktopia.
Aside from V2E rewards, customers can earn passively via the platform’s staking mechanism, with a sky-high annual yield of 509%.
Traders fascinated with becoming a member of the presale can go to the official Flockerz web site to purchase FLOCK tokens on the present value of $0.0062995 every utilizing BNB, ETH, or USDT.
You can even make a purchase order utilizing your financial institution card. Purchase earlier than a value hike in barely greater than 2 days to safe one of the best deal.
Purchase FLOCK right here.
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