Bonk price chart weekly timeframe, source – Tradingview
Bonk (BONK) has exploded by 40% in the past 24 hours, the best performer of any meme coin in the top ten (of which Bonk ranks #6) and only outpaced among the low caps by other Solana meme coins Honk, Popcat and Solama, and a low liquidity pump on ERC-20.
The Bonk price has now reclaimed the $0.00002 level after a 75% correction from its March 4 all-time high of $0.000048 to its 2024 yearly low of $0.000012 hit on April 13.
With meme coins leading the market following the Bitcoin halving, what’s next for the Bonk price?
Bonk Price Prediction
Cilinix crypto uploaded a Bonk price prediction video today for his 57.2k subscribers.
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On the one-hour and four-hour timeframe he notes the Bonk price is ‘extremely bullish’ and has broke above the 200 EMA.
However on the daily timeframe he notes the Bonk price needs to reclaim $0.0000215 as support, which it acted as in March and early April before Bonk lost that ‘key level’ on April 12.
Today’s daily and weekly close are a ‘crucial moment’ for the Bonk token price, with that region already capping the price action at press time.
With the Bitcoin price showing short-term strength this weekend and Middle East tensions easing, Cilinix Crypto notes the momentum is in Bonk’s favor but a conservative trader might wait to ‘see’ whether or not that prior support level can be reclaimed or flips to resistance.
$BONK team really cooked in Dubai
And price is starting to reflect that pic.twitter.com/1cmEhgojZ8
— TraderKoz (@TraderKoz) April 21, 2024
Bonk Coin At Token2049 In Dubai
The Bonk team had a very strong showing at Token2049, and the ‘price is starting to reflect that’, notes one of the most followed crypto and YouTube influencers, TraderKoz.
Bonk also sponsored Crypto Fight Week, with its advertising ‘literally everywhere’, AssetDash CEO Matias Dorta posted, retweeted by @bonk_inu.
$BONK @bonk_inu is literally everywhere pic.twitter.com/HCU0iHkxQR
— Matias | AssetDash ???? (@mattdorta) April 19, 2024
Next Solana Meme Coin To Explode?
Cilinix Crypto has also posted several videos on Slothana (SLOTH), a presale he thinks ‘has potential’ that he personally bought.
At the time the Slothana presale had raised $1.4 million, which today has exploded to over $10 million and the Slothana.com website is now counting down to its launch via airdrop in seven days.
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While high-risk, previous presales Cilinix Crypto promoted have ‘done 10x’ and performed ‘very well’, and in the case of Slothana he points out some ‘big accounts’ are following its Twitter handle.
In another video today Cilinix Crypto also lists four recent presale launches, including three meme coins, that he ‘made a profit’ with and breaks down his strategy for investing in new cryptocurrencies.
