Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»BONK Price Prediction – How High Can Mimecoin Go If It Breaks This Level?
ALTCOIN NEWS

BONK Price Prediction – How High Can Mimecoin Go If It Breaks This Level?

By Crypto FlexsSeptember 15, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BONK Price Prediction – How High Can Mimecoin Go If It Breaks This Level?
Share
Facebook Twitter LinkedIn Pinterest Email
  • BONK has hit a familiar long-term snag.
  • Demand was stable in both spot and futures markets.

Memecoin has attracted significant market attention after Bitcoin (BTC) surged to $60,000 in the past 48 hours. In fact, on Saturday, the Memecoin category rose 6%, according to Coinglass, ranking second in terms of Open Interest (OI). This could help the segment, which includes Bonk (BONK).

However, other memecoins such as dogwifhat (WIF) and Pepe (PEPE) have seen higher volumes than BONK, which could delay a strong push for BONK, especially since it has hit a long-term hurdle on the charts.

Can BONK overcome this obstacle?

Bonk

Source: BONK/USDT, TradingView

After the Q2 BONK downtrend, memecoin has struggled to break above key long-term trendline support. Attempted recoveries in July and August have been reversed at resistance levels. At the time of writing, the September relief rally has hit another hurdle at $0.000018.

The uncertainty of BONK’s recovery is further confirmed by the overbought condition flashing on the Stochastic RSI (Relative Strength Index) and the neutral reading of the RSI. If BTC holds below $60,000, this obstacle could trigger another BONK price rejection.

If so, a price rejection at the hurdle could drop the price to the $0.000015 support line (marked in turquoise).

However, if BONK breaks the trendline resistance and surges into the supply zone above $0.000020, it could potentially gain 16%.

BONK Demand Stagnation

BONK Price PredictionBONK Price Prediction

Source: Coinglass

BONK’s OI fell from its July high of $13 million and hovered below $10 million in August and September, indicating a decline in interest, followed by stagnant demand in the futures market.

In addition to the decline in demand, Mimecoin saw massive outflows from the spot market in August and September, which further reinforced investors’ risk-averse approach and the lack of strong demand from spot buyers.

Over the past seven trading days, Mimecoin has seen approximately $8 million in outflows from centralized exchanges.

BONK Price PredictionBONK Price Prediction

Source: Coinglass

Reduced demand could weigh on BONK and make it more difficult to achieve a long-term bull market.

If so, the immediate support area of ​​$0.000015 could provide a discounted buying opportunity for speculators expecting a market rebound after October.

Disclaimer: The information presented does not constitute financial, investment, trading or any other type of advice and is solely the opinion of the author.

Next: Evaluating the Impact of USDT Supply on TON Reaching $729 Million in 4 Months

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

PrimeXBT Launches ‘Trade As VIP’ Campaign Offering 70% Off Trading Fees

July 2, 2025

Ethereum Dev Zack Cole starts an initiative for the ‘Tokenless’ project.

July 2, 2025

The Azuki NFT team starts an animation studio -here has more information.

July 2, 2025

Crypto Web Directory That Will Skyrocket Your Project’s Visibility

July 2, 2025

Bybit Launches Bybit.eu, A Fully MiCAR-Compliant Platform For Europe’s Crypto Users

July 2, 2025

R0AR’s $1R0R Token Roars Onto MEXC Exchange, Expanding DeFi Accessibility

July 2, 2025

$ 90m NOBITEX HACK: Fault by layer

July 1, 2025

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025

Take Advantage Of BJMining’s Passive Income Opportunities As The XRP Ecosystem Rises

July 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

PrimeXBT Launches ‘Trade As VIP’ Campaign Offering 70% Off Trading Fees

July 2, 2025

Ethereum Dev Zack Cole starts an initiative for the ‘Tokenless’ project.

July 2, 2025

The Azuki NFT team starts an animation studio -here has more information.

July 2, 2025
Most Popular

Solana upgrades strengthen their networks but squeeze valid tester -Vaneck

March 5, 2025

SEC Meets with BlackRock for iShares Bitcoin ETF

December 15, 2023

Michael Patryn of QuadrigaCX targeted for unexplained disorder

March 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.