Bonk Coin Price Update
The Bonk price is up by 10% in the last 24 hours to trade for $0.0000205 at 10:30 a.m. EST time. However, trading volume has dwindled by 16%. This comes after a 45% pullback on the 12-hour timeframe. The Solana-based meme coin lost most of the ground covered between December 13 and 14 due to a meme coin fever outbreak.
Bonk Price Future Forecast
Even though there was a pullback, the Bonk price remains bullish. This trend will continue unless the coin breaks and closes below the $0.0000151 invalidation level. For now, the bulls still have the upper hand, evident from the Moving Average Convergence Divergence (MACD) being in the positive on the 12-hour timeframe.
The Bonk price is currently confronting the upper boundary of the descending parallel channel. Increased buying pressure might drive the coin’s market value up. It might break above the channel and reach the $0.0000243 resistance level and even further to $0.0000320.
Alternative to Bonk: SPONGE V2
SPONGE V2 is an upgraded version of Sponge, giving investors entry into a stake-to-bridge ecosystem. Investing in SPONGE V1 will also get an equivalent amount of SPONGE V2 alongside staking rewards for locked Sponge V1 tokens.
If you’re looking to hedge your bets, you might be interested in checking out the SPONGE V2 upgrade that is based on the success of Sponge V1, after the latter’s massive surge had investors turning from PEPE to SPONGE.
Hot Take: Don’t Miss Out on SPONGE V2
SPONGE V2 is stepping up its game and promising to offer a more robust and secure ecosystem for crypto investors. With the upgrade to Sponge, SPONGE V1, SPONGE V2 is planning for a takeoff soon, so don’t miss out on this golden opportunity.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.