Bonk Coin Price Up 40%, Is Slothana The Next Solana Meme Token To Explode

Bonk Coin Price Up 40%, Is Slothana The Next Solana Meme Token To Explode

James Spillane

Crypto Writer
    Bonk Coin Price Up 40%, Is Slothana The Next Solana Meme Token To Explode | DeviceDaily.com
     
     

    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.

    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 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.

    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.

    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.

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    James Spillane

    Crypto Writer

    James Spillane is a crypto trader and writer, producing analytical articles for ReadWrite on the latest market trends and price action of trending assets. Hailing from the UK, James is a BSc Physics graduate from Imperial College London and former Cadet Force Adult Volunteer with Bedfordshire & Hertfordshire Army Cadet Force. When not writing and editing, James enjoys working out and travelling, currently working remotely in South East Asia. James’ latest coverage focuses on the growing meme coin market, tracking assets like Dogecoin and Shiba Inu and newer contenders to their market share.

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