Bonk Price Prediction: Binance.US Mention Triggers 9% Jump – Can BONK Reach $1?

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bonk price prediction

Bonk (BONK) has gone up by 9% in the past 24 hours and currently sits at $0.00002330 after Binance.US shared a cryptic X post that mentioned the token.

On Sunday afternoon, the exchange shared a picture of its logo hitting its head with a bat – a clear reference to the viral meme that inspired Bonk coin. Further presence in the Binance platform favors a bullish Bonk price prediction.

Bonk was listed on Binance.US in November last year. Hence, this mention may be associated with some sort of ongoing collaboration between the two projects – or at least that could be what the market is interpreting today as reflected by BONK’s significant price jump.

Other meme coins like Dogecoin (DOGE) and Pepe (PEPE) have booked gains but of a much lower magnitude compared to their Solana-based dog-themed peer.

Bonk has outperformed most other assets in this category in the past 30 days with gains of 49.9%. The community has been keeping an eye on a countdown to burn 1 trillion BONK tokens once the number of

Bonk Price Prediction: BONK Could Move Higher as Positive Momentum Gains Traction

Looking at the daily chart, BONK seems to be on track to hit its nearest resistance at $0.00002500 after breaking a descending price channel with strong volumes.

The price retested the upper trend line and followed its upward trajectory and has now gone up for 6 days in a row.

Bonk’s trading volumes have been rising since the month started, moving from $122 million on July 1 to $1.4 billion yesterday.

bonk price prediction

This could be an indication of an ongoing short squeeze that could push BONK to this first target in a matter of days.

The price has also moved above the 200-day exponential moving average (EMA) and both the 9-day and 21-day EMAs could be on track to surge above this indicator. If that ‘golden cross’ happens, BONK could rise to even higher levels.

Even though hitting $1 is unrealistic as it would mean that BONK’s market cap would be $80 trillion, this latest bullish breakout could anticipate significant upside potential ahead for the second-largest meme coin in the Solana ecosystem.

Meanwhile, new meme coins are emerging every day within this blockchain that offer even higher gains. Snorter (SNORT), a sophisticated trading bot designed to snipe the most promising tokens, has become one of the hottest crypto presales of the year.

Snorter (SNORT) Has Raised $1.6M to Launch its Meme Coin Snipping Bot

Snorter (SNORT) is a trading bot created to snipe the best meme coins within the Solana, Ethereum, and BNB Chain ecosystems.

snorter crypto presale

This bot offers low commissions, the possibility of setting limit orders to secure the best entries and lock in profits, and incorporates protection against MEVs, rug pulls, and other scams.

Just a month after its launch, the project has raised $1.6 million to launch this sophisticated trading tool. This indicates strong interest from investors at a point when the Solana meme coin ecosystem is expanding and growing rapidly.

The positive performance of tokens like BONK favors a successful exchange listing for $SNORT once it is launched as interest in meme coins will keep rising.

To buy this presale, head to the Snorter website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to invest.

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Alejandro is a seasoned financial analyst and adept business expert with over seven years of experience in dissecting complex business topics and vital market trends. His insightful writing, which has graced notable publications besides Cryptonews including The Modest Wallet, and Capital.com, spans from high-level business topics to cryptocurrency nuances and in-depth stock market analysis.Alejandro applies his analytical prowess to offer data-driven insights, helping readers navigate complex economic landscapes. His contributions empower businesses and employees with all of the information they need to succeed within any topic he covers.A graduate of EUDE Business School, Alejandro's educational credentials bolster his writings on his favored topics, particularly in general business topics, value investing, and financial analysis, providing his audience with content that's both authoritative and reliably informative.
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