HomeNFT'sPredicting Bonk Prices: BONK Surges 10% When Traders Switch To This New,...

Predicting Bonk Prices: BONK Surges 10% When Traders Switch To This New, Soaring Solana Meme Coin That Plans To Compete With JUP Through Airdrop

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The Bonk price has pumped 10% in the last 24 hours to trade at $0.00001419 as of  04:55 a.m. EST on trading volume that surged 77% to $193 million.

The price increase comes amid news that Revolut may list Bonk and run a $1.2 million campaign to incentivize users on the platform to learn about cryptocurrency.

The listing will further enable BONK’s march into mainstream crypto trading venues.

Bonk Price Trending Above The Ascending Triangle Pattern

Bonk Price Chart Analysis Source: Tradingview.com 
BONKUSD Chart Analysis Source: Tradingview.com

The price of Bonk is on an upward trajectory, breaking through the upper boundary of its ascending triangle pattern. Despite this, the bulls have encountered resistance around the $0.0000145 mark, which is currently acting as an immediate barrier to further price increases.

Additionally, BONK is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the ongoing bullish momentum. The occurrence of a golden cross near the $0.000012 level further indicates that the price is in the midst of a bull run.

The Relative Strength Index (RSI) showcases strong bullish sentiment as it approaches the overbought threshold of 70, currently at 68. This suggests significant buying pressure in the market, underscoring the prevailing optimism among investors.

BON MACD BON MACD

Moreover, the Moving Average Convergence Divergence (MACD) line (blue) cements the bullish sentiments, as it is trading above the signal line (orange), which mostly signals it is time to buy. This is further supported by the formation of the green bars on the histogram as they move on the upside.

Additionally, the Average Directional Index (ADX) is at 29, which indicates a slightly strong bullish trend moving to the north.

Bonk Price Prediction

Bonk price indicates a continuation of the bullish rally with the formation of the ascending triangle. With this, the bulls may drive the price even higher, targeting $0.0000165.

However, if the bears exert some pressure, they could drive the price down to $0.0000130, coinciding with the lower boundary of the triangle.

As Bonk’s price continues to rally, another Solana-based meme coin, SMOG, is emerging as a formidable competitor in the meme coin space. It’s surged 46% in the past 24 hours alone as investors anticipate the potential gains from an upcoming airdrop that’s advertised as the “Greatest Airdrop in History.” 

SMOG Unveils Airdrop Set To Rival That Of JUP

The SMOG token has rapidly gained popularity, experiencing significant growth shortly after its debut on the Jupiter exchange. Analysts are predicting that SMOG could outperform other meme coins such as BONK, MYRO, and WIF, potentially establishing itself as a top Solana-based token. 

The dragon-themed allure of SMOG also enhances its appeal, aligning perfectly with the surge in crypto markets during the Chinese Lunar New Year of the Dragon. Investors are drawn to the lucky symbolism associated with the festivities. 

Given this thematic connection, SMOG stands to gain significantly from the festival, which continues until February 22, leveraging its dragon-themed charm to attract interest.

Buy $SMOG Now, Receive The Biggest Airdrop Ever

After investors won big from Jupiter’s monumental $700 million airdrop, SMOG is now set to offer an even larger and more enticing airdrop opportunity. The team has already set aside 35% of the total 1.4 billion token supply for the airdrop.

So how can you qualify for the SMOG airdrop?

By just buying and holding $SMOG tokens, you qualify for the upcoming airdrop, an incentive that has significantly boosted the token’s popularity among the crypto community.

Jacob Bury, a crypto analyst on YouTube, believes that SMOG has the potential for 1000X returns.

You can buy the SMOG token on its official website to be eligible for the historic airdrop soon. You can also buy directly on JUP DEX.

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