Be part of Our Telegram channel to remain updated on breaking information protection
The Bonk worth soared over 12% within the final 24 hours to commerce at $0.00003273 as of 6:26 a.m. EST as buyers start to replenish on the meme coin.
This rise within the BONK worth comes after asset managers REX Shares and Osprey filed functions for an ETF (exchange-traded fund) for the crypto simply 24 hours after US President Donald Trump’s inaugural ceremony and his appointment of Commissioner Mark Uyeda as appearing Securities and Change Fee (SEC) Chair.
Bonk Value Resting On A Help Degree
4-hour chart for BONK/USD (Supply: GeckoTerminal)
The Bonk worth is resting on a help stage at $0.00003176. Ought to the Solana meme coin drop under this mark inside the subsequent 8 hours, it might stand the chance of falling to the subsequent help stage at $0.00002759.
Conversely, the Bonk worth sustaining a place above the $0.00003176 help for the subsequent 12 hours would possibly invalidate the bearish thesis. On this extra bullish case, the meme coin might try a problem on the $0.00003639 resistance stage. A 4-hour shut above this technical barrier would possibly then result in a climb to as excessive as $0.00004067 within the brief time period.
Technical Indicators Recommend The Bonk Value May Go In Both Path
From a technical perspective, indicators on the 4-hour chart counsel the Bonk worth might go both means. Extra particularly, the Shifting Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) give no clear indication of what BONK would possibly do subsequent.
In current hours, the RSI line has began to stage off. The newest readings barely above the impartial 50 mark counsel a slight bullish undertone. Nonetheless, sellers can simply take management of the Bonk worth in the event that they collectively resolve to take action within the subsequent few hours.
In the meantime, the MACD line and MACD Sign strains are buying and selling near the identical stage as properly. This might point out that merchants are ready on the sidelines for both bulls or bears to step in and push the Bonk worth up or down.
Whereas merchants wait to see which route the Bonk worth will transfer in subsequent, buyers are turning their consideration to Meme Index (MEMEX), a presale token that allows diversified meme coin investing.
Crypto specialists are bullish on the modern meme index token. Amongst them is in style crypto analyst and YouTuber Jacob Bury, who informed his greater than 54K subscribers that MEMEX may very well be the subsequent 10X alternative available in the market.
Providing Traders A Manner To Purchase Into Meme Cash That Matches Their Threat Urge for food
The hype round meme cash in the previous couple of weeks has led to the launch of a number of new crypto tokens by opportunistic builders trying to achieve from the surging curiosity in these lighthearted cryptos.
With new tasks coming into the crypto house each day, it may very well be troublesome for buyers to seek out the subsequent gem that would result in huge earnings.
Meme Index, with its modern index providing, goals to make it simpler for buyers to purchase into and probably revenue from meme cash. The challenge makes this doable by means of a number of funding baskets that every include completely different risk-reward profiles. These baskets are Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
To achieve entry to any of those baskets, buyers merely have to buy the MEMEX token. Thereafter, they are going to simply have to stake their holdings in direction of the funding basket they need publicity to.
Traders Wager Huge On MEMEX’s Future
With the bullish predictions by specialists like Jacob Bury, and the way straightforward the challenge makes it for buyers to realize publicity to meme cash, it’s no marvel the crypto has already raised greater than $2.7 million by means of its ongoing ICO.
Promoting for $0.0154693, MEMEX could be bought through the easy widget embedded on the challenge’s web site utilizing both ETH, USDT, BNB or financial institution card.
Purchase MEMEX tokens right here to unlock entry to an 856% staking APY.
Associated Articles:
Latest Meme Coin ICO – Wall Road Pepe
- Audited By Coinsult
- Early Entry Presale Spherical
- Personal Buying and selling Alpha For $WEPE Military
- Staking Pool – Excessive Dynamic APY
Be part of Our Telegram channel to remain updated on breaking information protection