Bonk's technical pattern indicates a support level at $0.000021, suggesting a potential shift in market sentiment. Immediate resistance levels are at $0.000024, $0.000026, and $0.000028, while support levels are at $0.000020, $0.000018, and $0.000016.
Relative Strength Index (RSI) at 44 indicates neither overbought nor oversold conditions, allowing room for upward movement. Further analysis reveals a double bottom formation near $0.000021, providing strong support.
This formation, coupled with bullish candlestick patterns, suggests an uptick in buying activity. The 50-day Exponential Moving Average (EMA) at $0.000024 aligns with this bullish sentiment, reinforcing support levels.
The conclusion drawn from these technical indicators is that Bonk exhibits a bullish trend above $0.000021. However, traders should exercise caution as breaking below this threshold could lead to a sharp decline.
The interaction between RSI and 50 EMA indicates the initiation of a buying trend, supported by chart patterns and current price trends.
At the TOKEN 2049 Summit in Singapore, BONK, a meme coin under the US blue-chip public chain Solana, announced that it would launch an ETP and hinted that an ETF might be launched in the future. The token has skyrocketed by more than 8,788% in one year.
AlexManta Network has partnered with BONK to launch a meme-themed campaign. This collaboration aims to build an interconnected meme community and boost user engagement and eligible participants can claim MANTA rewards over the next month.
CatherineBonk (BONK) sees $701.83M trading volume surge, priced at $0.00003435, up 5.86% in 24 hours. Factors: community engagement, positive sentiment. Technical indicators support bullish trend.
Xu LinBonk (BONK) sees a 28% surge to $0.00003243 in 24 hours, driven by anticipation of Ethereum ETF approval. Trading volume spikes 299%. As a Solana-based meme coin, BONK aims for fair dApp ecosystem. Technical indicators hint at potential correction despite bullish sentiment.
Huang BoBithumb's listing of Bonk (BONK) triggers bullish trend in South Korea's crypto market. BONK, Solana's first dog-themed token, surges 9.57% post-announcement. Increased trading volume and market cap indicate growing investor interest. Open Interest up by 13.24%, signaling bullish sentiment.
Huang BoThe emergence of crypto has brought about significant changes across multiple industries, including gambling. But with perks like anonymity, faster transactions, and the likes, will crypto trading become a gambling addiction instead?
KikyoBONK surpasses Floki Inu in market cap after a 103% surge, showing bullish momentum despite recent declines. Social buzz rises, but sentiment dips.
Huang BoSlothana, a new meme coin on Solana, has raised over $10 million in its presale and aims for a $420 million market cap, reminiscent of BONK's success. With a humorous sloth mascot and strong social media presence, Slothana seeks to ride the wave of meme coin mania, potentially replicating BONK's explosive rise in the crypto market.
JoyBONK's price stagnation suggests a possible period of consolidation, with stable trader numbers but declining trade volume. The Relative Strength Index (RSI) is below the overbought stage, indicating market stabilization after a surge in March. Additionally, converging Exponential Moving Averages (EMA) hint at a potential bearish trend. Trading activity has dwindled, with both daily trades and active traders decreasing. If BONK can maintain support levels, its price may stabilize; otherwise, it risks a downturn.
BerniceMatrixport has acquired Crypto Finance's asset management division, rebranding it as Matrixport Asset Management AG to enhance its services and expand its regulatory presence in Europe. The acquisition allows Matrixport to offer innovative, compliant crypto investment solutions, further solidifying its position in the digital asset market.
AnaisWorld Liberty Financial, backed by the Trump family, has launched the KYC process for its WLFI tokens. Accredited US investors and non-US participants can join, while US retail investors are excluded due to regulations. The project hopes to expand access to all US users in the future.
CatherineAs blockchain and crypto adoption rises globally, more users are seeking quick profits. Over the past year, more than 250 individuals in the UK lost over $650,000 to fraudulent Bybit demo accounts. Investigations into these scams are being conducted by blockchain expert ZachXBT.
KikyoIndian YouTuber Ranveer Allahbadia, known as Beer Biceps, experienced a significant cyber attack that resulted in hackers renaming his channels to names associated with Elon Musk, Trump, and Tesla, while deleting most of his content. Fortunately, his channels were restored shortly after, prompting him to emphasize the importance of cybersecurity to his followers.
AnaisEpic Games has sued Google and Samsung, accusing them of restricting competition. The lawsuit claims Samsung’s Auto Blocker prevents app installations outside the Google Play Store, limiting consumer choice and harming developers.
CatherineStarting from 4 October 2024, digital asset firms in Singapore must follow new rules to protect retail investors, including safeguarding customer assets and banning incentives to attract new customers. The second phase, effective 19 June 2025, requires firms to assess retail investors’ understanding of the risks involved with cryptocurrency investments.
WeatherlyGemini is closing all Canadian accounts by December 2024 due to stricter regulations from the Canadian Securities Administrators. Several other exchanges, like Binance and Bybit, have also left Canada because of these new rules.
WeatherlyJesse Pollak, creator of Base, will lead Coinbase Wallet and join the executive team. Experts believe his role could help solve the user experience issues that have slowed cryptocurrency adoption.
KikyoSony Semiconductor Solutions and Raspberry Pi have launched the Raspberry Pi AI Camera, which features the advanced Sony IMX500 sensor for AI image processing. This camera is easy to use, integrates seamlessly with Raspberry Pi devices, and is priced at US$70, making it accessible for hobbyists and developers.
JoyAs crypto regulation discussions heat up, former Chinese Finance Ministry official Zhu Guangyao has urged the government to reconsider its strict ban on virtual assets. He acknowledged the risks of cryptocurrencies while emphasizing the need to analyse global trends and policy changes to guide China's approach.
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