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The Bonk worth has soared 19% within the final 24 hours to commerce 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 Brief-Time period Correction
The BONK/USDT buying and selling pair exhibits a powerful bullish reversal following a prolonged consolidation part close to a serious assist zone, highlighted on the chart by the orange line. This assist degree, round $0.00002194, has acted as a stable base, offering a basis for the present uptrend.
BONK has rallied after a number of rejections at this assist zone, indicating that the patrons are stepping in at these cheaper price ranges.
BONKUSDT Evaluation Supply: Tradingview
The worth has spiked to $0.00003141, with a every day acquire of roughly 17.64%, indicating sturdy upward momentum.
The latest rally has additionally been supported by a shifting common (MA) cross between the 50-day and 200-day MAs, which usually indicators a bullish development 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 powerful bullish momentum but additionally signifies that the Bonk worth may face resistance because it turns into overextended.
This degree of RSI means that whereas patrons are in management, a short-term pullback or consolidation might 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 spanking new highs.
Nonetheless, if the value fails to take care of this momentum, it’d check the assist degree round $0.00002325, which aligns with the 50-day MA and gives extra assist for potential retracements.
Crypto All-Stars Closes On $3.5 Million
Traders searching for the subsequent crypto to blow up like Bonk did may check out Crypto All-Stars (STARS), which is closing on $3.5 million in presale.
In accordance with 99Bitcoins, a outstanding crypto channel on YouTube with over 706K subscribers, $STARS has the potential to soar 100X after its launch.
Crypto All-Stars is an revolutionary platform that permits traders to stake meme cash in a single place and earn rewards in STARS tokens.
Initially, it is 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 part, Crypto All-Stars raised over $350k! 💰
This early success exhibits that traders see BIG potential right here. 🚀
Might this be the subsequent $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Along with staking common 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 enhance anticipated in lower than 3 days, purchase shortly to safe the most effective deal.
Purchase STARS on the official STARS web site right here.
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- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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