Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The Bonk price is declining on Friday alongside a wider sell-off in the cryptocurrency market, yet persistent market accumulation suggests a potential 90% increase ahead.
Currently around $0.0000225, the Bonk price is once again approaching its 200DMA.
In recent months, purchasing BONK during its 200DMA tests and holding for a few weeks has proven to be an effective strategy.
If past trends hold true, this may occur once more.
Moreover, it’s not solely the 200DMA that is indicating a possible buying opportunity.
The BONK price is close to retesting an uptrend that has been active since February.
A rebound from this uptrend could pave the way for a 90% increase towards the $0.000040s.
BONKUSD / Source: TradingView
This represents the upper limits of BONK’s accumulation zone in recent months.
Bonk Price Could Rally 90%, But This Rival Could 100x
Related Posts
Now could be an opportune moment to purchase the BONK price dip, with a strong possibility of 90% gains on the horizon.
However, eager meme coin traders often seek significantly larger returns, such as 10x or more.
The most effective method to achieve 10x or greater returns in meme coins is by entering a new meme coin early.
Participating in meme coin presales is one of the most effective strategies for this.
This is why Cryptonews.com closely monitors the meme coin presale landscape.
One emerging project they believe has substantial potential is a new Wild West-themed play-to-earn (P2E) meme coin called Shiba Shootout (SHIBASHOOT).
Shiba Shootout is currently holding a presale for its native SHIBASHOOT token, and demand is robust. Investors have already contributed over $860,000 to this new competitor.
BOOM!!!
Another significant milestone for #SHIBASHOOT
We’ve successfully raised over $800,000!
The enthusiasm surrounding #SHIBASHOOT continues to grow, stay tuned for further updates!
pic.twitter.com/l6hZyaHhjk
— shibashootout (@shibashootout) July 29, 2024
SHIBASHOOT is rich in P2E utility and also serves as a passive income opportunity.
See below why well-known crypto presale analyst Michael Wrubel believes Shiba Shootout could be the next 100x opportunity.
Buy SHIBASHOOT Here
The post Bonk Price Could Rally 90%: Market Accumulation Hints at Upcoming Surge appeared first on Cryptonews.
