[ad_1]
Be part of Our Telegram channel to remain updated on breaking information protection
The Bonk worth has soared 19% within the final 24 hours to trade at $0.00003074 as of 6:50 a.m. EST on a 39% surge in buying and selling quantity to $1.6 billion.
Bonk Value Could Face A Quick-Time period Correction
The BONK/USDT buying and selling pair exhibits a robust bullish reversal following a prolonged consolidation section close to a serious assist zone, highlighted on the chart by the orange line. This assist degree, round $0.00002194, has acted as a strong base, offering a basis for the present uptrend.
BONK has rallied after a number of rejections at this assist zone, indicating that the consumers are stepping in at these cheaper price ranges.
BONKUSDT Evaluation Supply: Tradingview
The worth has spiked to $0.00003141, with a each day acquire of roughly 17.64%, indicating robust upward momentum.
The latest rally has additionally been supported by a shifting common (MA) cross between the 50-day and 200-day MAs, which generally alerts a bullish pattern reversal. The 50-day MA is now above the 200-day MA, confirming this shift in sentiment.
As well as, the RSI (Relative Energy Index) is at 75.53, shifting into overbought territory (above 70), which signifies a robust bullish momentum but additionally signifies that the Bonk worth would possibly face resistance because it turns into overextended.
This degree of RSI means that whereas consumers are in management, a short-term pullback or consolidation may happen because the asset approaches increased resistance zones.
The yellow arrows on the chart point out a projected continued uptrend if bullish momentum persists. Breaking above the present degree round $0.00003141 would set the stage for BONK to goal for brand new highs.
Nonetheless, if the value fails to keep up this momentum, it’d check the assist degree round $0.00002325, which aligns with the 50-day MA and affords further assist for potential retracements.
Crypto All-Stars Closes On $3.5 Million
Traders searching for the subsequent crypto to blow up like Bonk did would possibly check out Crypto All-Stars (STARS), which is closing on $3.5 million in presale.
In accordance with 99Bitcoins, a distinguished crypto channel on YouTube with over 706K subscribers, $STARS has the potential to soar 100X after its launch.
Crypto All-Stars is an modern platform that permits traders to stake meme cash in a single place and earn rewards in STARS tokens.
Initially, it’s going to assist 11 main meme cash: PepeCoin, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk, with extra to be added within the months forward.
Why Is Everybody Excited?
In its preliminary presale section, Crypto All-Stars raised over $350k! 💰
This early success exhibits that traders see BIG potential right here. 🚀
May this be the subsequent $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Along with staking well-liked meme cash, traders also can stake the native STARS token for an enormous 469% annual yield (APY).
The token is presently priced at $0.0015618 and will be bought with BNB, USDT, or a financial institution card.
With a worth improve anticipated in lower than 3 days, purchase rapidly to safe one of the best deal.
Buy STARS on the official STARS website here.
Associated Articles
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
Be part of Our Telegram channel to remain updated on breaking information protection
[ad_2]
