Bonk Worth Prediction: BONK Plummets 15% In A Week As Merchants Pivot To This Meme Coin Rival Earlier than It’s Too Late

The Bonk value has plummeted 15% in every week and three% within the final 24 hours to commerce at $0.00003564 as of 10:05 p.m. EST as merchants begin to dump their holdings within the meme coin.

Together with the drop within the BONK value within the final 24 hours, yesterday’s buying and selling exercise across the crypto can be 34% lower than the volumes recorded the day earlier than.

Bonk Worth Resting On A Key Assist

4-hour chart for BONK/USD (Supply: GeckoTerminal)

GeckoTerminal information exhibits the Bonk value dropped beneath the important thing help at $0.00003874 within the final 24 hours, and is now resting on the following essential technical security web at $0.00003380. Shedding the $0.00003380 help might expose the meme coin to the danger of dropping even additional in the following couple of hours.

Conversely, the Bonk value rebounding from the $0.00003380 level within the coming 12 hours may mark the tip of the bearish transfer. Nonetheless, BONK will first want to beat a short-term destructive development line that has emerged on its charts earlier than it could actually start to climb once more.

Breaking above the destructive development line will clear some room for the meme coin, which might result in the Bonk value making an attempt to reclaim the recently-lost $0.00003874 help. Closing a 4-hour candle above this degree may then give the crypto the technical basis wanted to maintain climbing. Merchants might due to this fact determine to push BONK’s value as much as $0.00004469.

Technicals Trace At A Potential Bullish Reversal For The Bonk Worth

From a technical standpoint, indicators on BONK’s 4-hour chart recommend the meme coin’s value has leveled off above the $0.00003380 help. This might quickly be adopted by a restoration if bulls establish the altcoin’s present value as a purchase alternative.

Relative Energy Index (RSI) readings have began to extend barely within the final couple of hours, escaping the oversold area beneath 30 within the course of. The present studying suggests BONK is buying and selling at a reduction. It additionally indicators that the meme coin’s upside potential is much higher than its draw back potential.

In the meantime, the Transferring Common Convergence Divergence (MACD) line has began to rise towards the MACD Sign line. This narrowing hole between the 2 technical indicators typically factors to weakening bearish momentum. If the 2 strains cross within the coming 24 hours, it might point out that the Bonk value has entered a brand new bullish section.

Whereas BONK rests on a essential help degree, buyers are flocking to purchase new meme coin rival Crypto All-Stars (STARS) earlier than it’s too late.

A New Staking Platform With Multi-Meme Coin Assist

Crypto All-Stars (STARS) is a brand new mission that gives an revolutionary staking resolution to meme coin lovers. It deviates from the business norm, which is for tasks to focus solely on their very own coin or token. As a substitute, Crypto All-Stars comes with help for most of the main meme cash.

The checklist of belongings to be supported from launch by the mission’s MemeVault platform can be DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. Extra cryptos can be added within the coming months as nicely. This multi-meme coin help means buyers can put their holdings in a couple of crypto to work concurrently.

After staking any of those tokens, buyers will begin to earn passive crypto rewards which are paid out in STARS, which can be put to work. At present, anybody who stakes STARS will unlock entry to a 208% APY.

With the bullish predictions made on STARS just lately by a number of crypto specialists, buyers will wish to develop their holdings within the mission’s token as quickly and as quick as doable. Only in the near past, crypto YouTuber ClayBro informed his greater than 130K subscribers that STARS might soar 10X after its launch.

STARS Presents Final Probability To Purchase In Presale

Traders are speeding to purchase STARS earlier than its presale ends in simply over 9 days. To this point, the mission has managed to lift over $11.8 million, making Crypto All-Stars one of many best-performing ICOs of the yr.

There’s nonetheless time left for buyers to place themselves forward of the meme coin’s launch. Promoting for $0.0016782, STARS might be purchased with ETH, USDT, BNB, SHIB, FLOKI, PEPE, DOGE or financial institution card utilizing the widget embedded on the mission’s web site.

After buying STARS, buyers can then navigate to the staking web page on the web site and lock up their newly-bought STARS for the 208% APY.

Buy and stake STARS right here for the 208% APY earlier than its presale ends.

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