Bonk Price Plunges 11% in 24 Hours, Falls 33% from ATH
The price of Bonk has dropped by 11% in the past day, reaching $0.00001918. This also marks a 33% decline from its all-time high (ATH) of $0.00003416.
Despite the recent drop, Bonk’s ATH suggests that it still retains some momentum. However, as a meme token, its growth is not guaranteed like altcoins with strong fundamentals.
There is a possibility that Bonk may continue to struggle before being picked up by whales again.
Is it Time to Sell? Bonk Price Prediction
BONK might experience sustained losses before seeing growth again. The indicators show that it is currently in overbought territory.
The RSI is falling sharply after reaching close to 90, indicating overbuying. The 30-day average has been rising strongly but may flatten out and drop soon in relation to the 200-day average.
The support level will determine Bonk’s near future. If it can prevent a drop below $0.000010, a quicker recovery is possible. However, dropping below this level may indicate traders’ abandonment of the token.
New Meme Tokens for Market-Beating Rallies
If you’re concerned about Bonk’s decline, consider exploring newer meme tokens that are yet to experience their initial growth spurts.
Meme Kombat (MK) is an ERC-20 cryptocurrency that has gained popularity and raised over $3.7 million in its presale. It offers real utility by allowing users to bet on AI-generated meme battles with transparent and fair outcomes processed on-chain.
Meme Kombat also provides entertainment by visualizing the battles in real-time. MK holders can stake the token for passive income, with a maximum supply of 120 million. You can join the sale and learn more on the Meme Kombat official website.
Hot Take: Expecting a Bull Rally
Despite Bonk’s current decline, the market anticipates a bull rally driven by Bitcoin ETF approvals and a dovish Fed. This could lead to an increase in the Bonk price, potentially reaching $0.000040 by the end of January.
However, it’s important to consider alternative meme tokens like Meme Kombat that offer unique features and potential growth opportunities.
The post Bonk Price Prediction as BONK Falls 33% From Peak – Time to Sell? appeared first on Cryptonews.
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