bullish

Million

Bonk

STARS

Coin

The Bonk price has soared 19% in the last 24 hours <a href="https://www.coingecko.com/en/coins/bonk" rel="noopener noreferrer nofollow">to trade at $0.00003074</a> as of 6:50 a.m. EST on a 39% surge in trading volume to $1.6 billion.
<h2 id="bonk-price-may-face-a-short-term-correction">Bonk Price May Face A Short-Term Correction</h2>
The BONK/USDT trading pair shows a strong bullish reversal following a lengthy consolidation phase near a major support zone, highlighted on the chart by the orange line. This support level, around $0.00002194, has acted as a solid base, providing a foundation for the current uptrend.
BONK has rallied after multiple rejections at this support zone, indicating that the buyers are stepping in at these lower price levels.
<img decoding="async" class="aligncenter wp-image-597279 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/11/BONKUSDT_2024-11-12_14-07-26.png" alt="Bonk price" width="1281" height="545" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/BONKUSDT_2024-11-12_14-07-26.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/11/BONKUSDT_2024-11-12_14-07-26-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/BONKUSDT_2024-11-12_14-07-26-1024x436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/BONKUSDT_2024-11-12_14-07-26-768x327.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
BONKUSDT Analysis Source: Tradingview
The price has spiked to $0.00003141, with a daily gain of approximately 17.64%, indicating strong upward momentum.
The recent rally has also been supported by a moving average (MA) cross between the 50-day and 200-day MAs, which typically signals a bullish trend reversal. <span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">The 50-day MA is now above the 200-day MA, confirming this shift in sentiment.
In addition, the RSI (Relative Strength Index) is at 75.53, moving into overbought territory (above 70), which indicates a strong bullish momentum but also indicates that the Bonk price might face resistance as it becomes overextended.
This level of RSI suggests that while buyers are in control, a short-term pullback or consolidation could occur as the asset approaches higher resistance zones.
The yellow arrows on the chart indicate a projected continued uptrend if bullish momentum persists. Breaking above the current level around $0.00003141 would set the stage for BONK to aim for new highs.
However, if the price fails to maintain this momentum, it might test the support level around $0.00002325, which aligns with the 50-day MA and offers additional support for potential retracements.
<h2 id="crypto-all-stars-closes-on-3-5-million">Crypto All-Stars Closes On $3.5 Million</h2>
Investors looking for the next crypto to explode like Bonk did might take a look at <a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Crypto All-Stars (STARS)</a>, which is closing on $3.5 million in presale.
According to 99Bitcoins, a prominent crypto channel on YouTube with over 706K subscribers, $STARS has the potential to soar 100X after its launch.
<iframe title="THIS MEME COIN PROJECT WILL 100X (PLUS EARN 5000% AP!!!) PRESALE GEM CRYPTO ALLSTARS" width="640" height="360" src="https://www.youtube.com/embed/rQdGbjB5jSU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
Crypto All-Stars is an innovative platform that enables investors to stake meme&nbsp;coins in one place and earn rewards in STARS tokens.
Initially, it will support 11 leading meme coins: PepeCoin, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk, with more to be added in the months ahead.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Why Is Everyone Excited?
 In its initial presale phase, Crypto All-Stars raised over $350k! 💰
 This early success shows that investors see BIG potential here. 🚀
 Could this be the next <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>? 👀
 — web3telepath (@web3telepath) <a href="https://twitter.com/web3telepath/status/1824051738833260654?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 15, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In addition to staking popular meme coins, investors can also stake the native STARS token for a huge 469% annual yield (APY).
The token is currently priced at $0.0015618 and can be purchased with BNB, USDT, or a bank card.
With a price increase expected in less than 3 days, buy quickly to secure the best deal.
<a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Buy STARS on the official STARS website here.</a>
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Bonk Price Prediction: BONK Soars 19% As This Meme Coin Staking ICO Closes On $3.5 Million

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