BONK experienced a notable surge recently, surpassing Floki Inu in market cap. Since testing resistance levels around $0.00001934 on April 14th, BONK nearly doubled, surging by 103%.
Source: CoinMarketCap
In March, BONK displayed a double top pattern followed by a price decline. Subsequently, it continued to decline, marked by multiple lower lows and lower highs, indicating a bearish trend.
Despite the bearish trend, BONK gathered significant bullish momentum, breaking past established lower lows, hinting at a potential move beyond the $0.00002946 level in the future. A potential target lies at $0.00003654.
However, the Chaikin Money Flow (CMF) for BONK declined notably recently, reaching -0.17, suggesting a decrease in money flow, possibly due to profit-taking. The Relative Strength Index (RSI) for BONK also decreased to 47.68, indicating neutral momentum and potential sideways movement.
Source: Trading View
Social volume around BONK surged recently, indicating increased popularity on social media. Yet, the Weighted Sentiment declined, potentially indicating more negative than positive comments. In contrast, FLOKI experienced a decrease in social volume and a significant decline in weighted sentiment. At present, FLOKI trades at $0.0001689, down by 6.58%.
BONK: Up FLOKI: Down Source: Santiment
BONK's recent surge has been impressive, but indicators suggest a possible slowdown. While social buzz is high, sentiment may be turning negative. FLOKI, on the other hand, faces challenges with declining social activity and sentiment, reflecting its current market situation.
The emergence of crypto has brought about significant changes across multiple industries, including gambling. But with perks like anonymity, faster transactions, and the likes, will crypto trading become a gambling addiction instead?
KikyoFloki issues caution, urges reliance on verified sources amid rising meme coin demand. Official channels stressed for updates. Floki's diverse offerings include Valhalla game, Floki Places NFT marketplace, and FlokiFi DeFi platform. Meme coin market sees significant growth, with Dogecoin and Shiba Inu leading.
EdmundFloki Inu: 7% drop to $0.000169, despite recent 15% weekly gain. Smart money enters. Bullish indicators hint at potential rebound to $0.00020 by summer, $0.00030 by year-end. New meme token DOGEVERSE raises $13M, offers multi-chain support and staking.
EdmundSlothana, a new meme coin on Solana, has raised over $10 million in its presale and aims for a $420 million market cap, reminiscent of BONK's success. With a humorous sloth mascot and strong social media presence, Slothana seeks to ride the wave of meme coin mania, potentially replicating BONK's explosive rise in the crypto market.
JoyWhile Bonk's current performance reflects a bullish stance, market participants should closely monitor these key price levels and technical indicators.
BerniceBONK's price stagnation suggests a possible period of consolidation, with stable trader numbers but declining trade volume. The Relative Strength Index (RSI) is below the overbought stage, indicating market stabilization after a surge in March. Additionally, converging Exponential Moving Averages (EMA) hint at a potential bearish trend. Trading activity has dwindled, with both daily trades and active traders decreasing. If BONK can maintain support levels, its price may stabilize; otherwise, it risks a downturn.
BerniceThe recent market correction has led to substantial price declines for meme coins like WIF, BONK, and PEPE. While some indicators suggest potential buying opportunities, caution is advised as further downturns remain possible.
BerniceCryptocurrency craze persists with meme coins soaring, but Vitalik Buterin warns of investment disparities hindering balanced growth and innovation in the crypto ecosystem. Dogecoin's surge highlights the imbalance as Buterin advocates for a more equitable approach to crypto investments to ensure long-term sustainability and inclusivity.
Weatherly$BIF, a new memecoin on Solana, surged in value rapidly, drawing attention with its humorous branding and endorsements from influencers. Its fusion of popular memecoins Bonk and Dogwifhat has sparked enthusiasm among investors, but caution is advised amidst the volatile crypto market.
JoyGoldman Sachs shifts its Federal Reserve interest rate cut timeline, impacting market predictions and cryptocurrency trends amidst evolving economic indicators.
BrianArk Fund predicts that if U.S. institutions allocate Bitcoin in accordance with the guiding principle of maximizing the Sharpe rate in the five-year rolling time window until 2023, then 19.4% of global investable assets will be invested, which is expected to push Bitcoin to 230- $2.5 million.
JinseFinanceCryptocurrency giants PEPE, FLOKI, and BONK witness significant declines as the market turns neutral. Despite innovative features like BONK's 'PooperScooper,' prices dip, reflecting cautious investor sentiments. The crypto rollercoaster highlights the industry's volatility and challenges
BerniceSpeculation hints at possible early Bitcoin ETF approvals by January 5, 2024, or before January 20. SEC meetings suggest a positive outlook, with trading expected shortly post-approval, potentially affecting Bitcoin's market sentiment and future.
EdmundBONK Memecoin, initially a fun venture, has transformed into a major crypto player with its new trading bot, BONKbot, significantly impacting the DEX market and the Solana ecosystem.
Xu Linthe BONK token airdrop has significantly boosted the sales of Solana's Saga phone, reflecting the potent influence of memecoins in the crypto market. However, this surge raises questions about the sustainability of such demand driven largely by speculative ventures in the volatile crypto arena.
EdmundAmidst the sea of uncertainties surrounding the 2024 U.S. stock market, Wall Street's divergent opinions offer investors very little guidance in the volatile markets.
BrianUnited States interest rates are touted to grow less than expected, which has got crypto markets onto a slightly more positive sentiment.
BitcoinistThe FOMC announced a 75-bps rate hike on Sept. 21. BTC fell by 6.45% right after the announcement.
BeincryptoCryptocurrencies are now at what appears to be a crossroads in a bizarre twist with the allure of Treasuries.
Finbold