Bonk Price Prediction: Solana Meme Coin BONK Pumps 90% Amid SOL Phone Arbitrage Opportunity As This New Meme Coin Presale Hurtles Towards Sellout

The Bonk value continued to rally, surging greater than 90% over the previous 24 hours to commerce at $0.00002828 as of 9:10 a.m. EST amid a FOMO frenzy across the dog-inspired altcoin.

New Airdrop Linked To The Solana Telephone Is Value Extra Than The Telephone

The Solana cellphone, which was unable to garner a lot curiosity initially, is now turning right into a sellout. BONK is the explanation for this intensified curiosity, as arbitrage merchants are chasing a 30 million BONK airdrop. The airdrop is on the market to each proprietor of the Saga cellphone.  

With the present Bonk value, the airdrop is paying out round $700 for the acquisition of a cellphone that prices $599. “Saga gross sales have >10x’d prior to now 48 hours, and are actually on monitor to promote out earlier than the brand new 12 months,” mentioned Solana co-founder Raj Gokal in an X submit.

want to lift the worth, in any other case we are going to get sybils

— toly 🇺🇸 (@aeyakovenko) December 14, 2023

The Bonk Value Is At A Crucial Juncture

Each day chart for BONK/USDT (Supply: TradingView)

The Bonk value might want to overcome a significant impediment within the subsequent 48 hours earlier than its spectacular rally can proceed. Within the final 24 hours, the meme coin tried to interrupt out above a medium-term optimistic value channel.

This try, nevertheless, resulted within the altcoin getting rejected by the higher degree of the ascending value channel.

If the Bonk value manages to shut a day by day candle above the higher barrier of the channel at $0.0000346810, then it can have a transparent path to proceed climbing within the subsequent few days.

Failure to shut a buying and selling session above this threshold might result in a short lived bull again in value. On this situation, the Bonk value could retrace to the quick assist degree at $0.0000149068.

This assist degree is a key value level that merchants and buyers will wish to regulate, as it’s confluent with the decrease degree of the aforementioned value channel as nicely.

A break beneath this level might put Bonk liable to falling all the way down to $0.0000089940 within the subsequent few days. In an especially bearish situation, the meme coin might retest the $0.0000046040 assist degree within the quick time period as nicely.

Bonk Value: Technicals Present Bullish Momentum

Technical indicators for BONK are flagging very bullish. The Transferring Common Convergence Divergence (MACD) means that the Bonk value could proceed to rise. Along with this, the Relative Power Index (RSI) signaled that bulls have extra energy than sellers.

That is evident by the RSI line being positioned above the RSI Easy Transferring Common (SMA) line.

The MACD line can also be breaking away above the MACD Sign line. That is typically indicative of a optimistic development rising stronger. Regardless of this, a quick pull again could also be within the playing cards for the Bonk value because the RSI indicator reveals that the meme coin is overbought.

Whereas BONK makes an attempt to rise past the optimistic value channel, Meme Kombat is on the verge of promoting out in its presale as whales snap up the token earlier than it’s too late.

Whale Nudges This Presale Nearer To Its Fundraising Goal

Some whale simply purchased $200k price of $MK 🤯🤯🤯 This comes after many many buys into our presale.

That pushes us previous $3.3 million raised⚔️ pic.twitter.com/gOAn09tpkA

— Meme Kombat (@Meme_Kombat) December 15, 2023

Meme Kombat has raised greater than $3.475 million via its presale. That is after a big pockets purchased $200K price of the undertaking’s native token in the previous few hours. Because of this substantial buy, Meme Kombat’s presale is sort of offered out.

Meme Kombat reveals indicators of turning into the following huge undertaking within the meme coin house. Not solely does it include an progressive gaming platform, it additionally provides early-stage buyers the chance to participate in a profitable staking program.

With an annual proportion yield of 276%, savvy buyers are pouncing on the chance to earn good-looking passive rewards throughout the Meme Kombat ecosystem.

Meme Kombat Might 10X Quickly

YouTube crypto analysts speculate that Meme Kombat might generate 10X returns for early-stage buyers. Some analysts have gone so far as to name it the following Pepe.

With a token provide of 120,000,000, thirty % of Meme Kombat’s tokens will probably be allotted in the direction of its profitable staking program and battle rewards. Ten % of the tokens will probably be used for decentralized change liquidity and fifty % of the whole provide has been put aside for the undertaking’s presale.

Given the truth that the undertaking provides early buyers engaging rewards and the undertaking’s battleground provides it a degree of utility far larger than that of most meme cash, it’s no surprise buyers are dashing to purchase into this undertaking.

Because the meme coin house continues to mature, Meme Kombat not solely has the potential to generate 10X returns, but in addition might turn out to be the following greatest meme-inspired undertaking.

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