SOL meme coin BONK has experienced significant growth over the past months, with recent price trends and market dynamics pointing to the potential for a 500% surge in October.
This article examines Bonk’s (BONK) recent price movements from a technical perspective, focusing on bullish signals and potential price targets.
Additionally, it explores an emerging crypto project, Memebet, which is Web3’s first meme coin casino. The project is currently raising over $250k in its ongoing ICO.
Bonk (BONK) price prediction
BONK surged by 6.66% over the past two days, indicating strong short-term bullish sentiment. The standout factor is a massive 66% spike in trading volume, reflecting growing market interest and positioning BONK as a key player in the meme coin space.
With a market cap of about $1.28 billion, BONK remains underpriced despite ranking among the top meme coins. As the fourth or fifth largest in its category, BONK is considered undervalued and primed for growth. From a broader market view, BONK’s macro structure allows for a potential 36% drop without losing its bullish trend.
This creates an opportunity for strategic accumulation, where investors can dollar-cost average (DCA) during market dips and prepare for a strong upside when sentiment shifts. Accumulating in downturns could lead to substantial gains when the market reverses.
Currently, BONK’s price is forming a falling wedge pattern, a classic technical signal often preceding a bullish breakout. This pattern points to an imminent break to the upside, especially as the crypto market shows signs of recovery.
A breakout could push BONK’s price up by roughly 79.81%, with the potential breakout level around $0.00002089. Investors should watch for a move above this critical level, which could trigger significant upward momentum.
Momentum indicators on the daily chart suggest that BONK’s downward momentum is slowing, hinting at an upcoming upward price movement. Once momentum shifts, BONK could break through key resistance levels, opening the door for further gains.
On the 4-hour chart, BONK is interacting with its volume-weighted average price (VWAP), a level that has been highly reactive to price movements. While a minor rejection at this level is possible, a steady bullish trend could drive the price higher, leading to a major breakout.
Memebet (MEMEBET): A low-cap altcoin worth buying
The excitement around meme coins is spilling into ICOs as hopes for an October bull run grow, and the new presale token $MEMEBET is gaining momentum. GambleFi, the project behind $MEMEBET, is creating a crypto casino for meme coins and has already raised over $260,000 since its launch last week.
How did they raise these funds so fast? Big investors are jumping in to get early access to $MEMEBET at low prices. One investor bought 2 million tokens for $50,000 last week, while another grabbed 134,000 tokens for $3,300.
Investors can still buy $MEMEBET during the presale for $0.0253, but the price is expected to rise as the campaign continues. For more information on how to buy Memebet tokens, potential investors can refer to our detailed guide.
Source – Memebet Twitter
$MEMEBET combines the growing online casino and meme coin industries, attracting early interest right from the start. The Memebet Casino lets players bet their favorite meme coins, like $SHIB, $DOGE, and $PEPE, on games, slots, and sports betting.
According to the whitepaper, users can access the casino directly through Telegram without KYC verification, making it easy for crypto users to start playing by connecting their wallet. On top of that, Memebet has an airdrop campaign for early community members.
The first season rewards players who get involved from day one, with future seasons set to continue rewarding loyal users. The more $MEMEBET tokens a player bets, the bigger their airdrop rewards will be. $MEMEBET holders will receive more than airdrops.
They’ll also get casino bonuses, Lootboxes, bigger rewards, access to a VIP group, and more. Lootboxes are a big part of Memebet, giving out real prizes like NFTs, cash, and signed Messi shirts—something new in the industry.
Memebet is not following the typical meme coin model. It stands out with strong tokenomics, key partnerships, and a focus on rewarding its community. Though still new, Memebet could be a meme coin worth watching. You can explore what the future holds for Memebet with our $MEMEBET price predictions here.
To participate in the $MEMEBET token presale, go to memebettoken.com.
Related
- Bonk Technical Analysis Indicates Upward Trends as $PEPU Approaches $12.5M Presale Milestone
- $DOGS Market Cap Bounces Back to $500M – Can Memebet Fuel the Next Meme Coin Surge?
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