Bonk Price Prediction: BONK Soars 12% After ”Liberation Day” As This New Solana Rival Closes On $2 Million

The Bonk worth soared by 12% over the past 24 hours to commerce at $0.0000278 as of 6:00 a.m. EST. 

The surge got here as TraderKoz on X referred to as Could 18 ”$BONK liberation day,” with the top of ”vesting contracts that have been unlocking each weekend.”

“Tens of millions of {dollars} in weekly promote strain are gone,” TraderKoz added.

Yesterday was $BONK liberation day (the top of vesting contracts that have been unlocking each weekend) and the chart is already curling up.

One of many largest gainers on the day and a giant weekend for the doggo. Tens of millions of {dollars} in weekly promote strain are gone.

Larger! pic.twitter.com/H2jt7FAvbG

— TraderKoz (@TraderKoz) May 18, 2024

Huge Dick Bull (BDB) on X says he had most well-liked WIF as a result of “$6 million in Bonk tokens have been unlocking EVERY weekend. This weekend is the final unlock of those and that ridiculous promote strain will likely be gone ceaselessly.”

BDB is now extra bullish on BONK as a result of ”I merely assume BONK is the higher guess.”

Bonk Value Outlook: Will the Meme Coin Maintain Pumping?

Analysing Bonk worth charts, we see the cryptocurrency encountering a big resistance degree at $0.00002773. This resistance zone, highlighted in crimson, has been examined a number of instances however has but to be decisively damaged.

The Bonk worth exceeds this essential degree, indicating potential hesitation or consolidation. Ought to bulls push previous the resistance, we may see a pump to earlier highs. Conversely, a failed try may result in additional declines.

Alternatively, the Woodies CCI (Commodity Channel Index) presents an overbought situation with readings round 133.76. This implies that the latest worth surge may face a short-term pullback as merchants begin to take income. Nevertheless, the CCI additionally reveals a potential uptrend continuation if resistance is breached.

The ADX (Common Directional Index) stands at 37.56, supporting the bullish momentum and indicating a robust development. A excessive ADX worth above 25 often signifies that the present development, on this case upward, is gaining power. This aligns with the latest Bonk worth motion, the place BONK has seen a big rise, approaching the resistance degree with notable momentum.

4-hour BONK/USDT Chart | Supply: TradingView

A Promising Different

Because the Bonk worth pumps, new Solana meme coin Sealana ($SEAL) has raised nearly $1.8 million in its presale. 

Based on YouTuber and crypto analyst Jacob Bury, it has the potential to blow up 10x after launch.

Sealana is a personality modeled after Gamer Man from South Park. He’s a metaphor for the sloth that exists inside each considered one of us, a cyber warrior who eats chips whereas daydreaming about being rich. 

Sealana And Solana

Meme coin tasks are more and more turning to Solana as their most well-liked blockchain. The ecosystem behind the SOL meme coin is formidable, with nearly $4 billion in locked-in worth and greater than 1.15 million each day customers. 

A latest surge of well-known meme cash, corresponding to DogWifHat ($WIF), Bonk ($BONK), E-book of Meme ($BOME), and Popcat ($POPCAT), has proven the platform’s potential.

SEAL now goals to change into the subsequent massive SOL meme coin sensation. Based mostly on the trajectory of its presale, it looks as if its dream may come true. 

#Sealana, making #Memecoins nice once more! 🇺🇸

Manifesto
1⃣ No Frogs 🐸
2⃣ Much less Hats 🧢
3⃣ Many Whales 🐳
4⃣ Zero Rugs 📉
5⃣ Extra $SEAL 🦭 pic.twitter.com/FEImgpWxWz

— Sealana (@Sealana_Token) May 7, 2024

The SEAL presale doesn’t have a tough cap, phases, or perhaps a white paper, which suggests it may finish at any time. So, in case you are , purchase quickly to keep away from lacking out..

To purchase SEAL tokens, head over the official web site right here. Tokens will likely be airdropped to patrons a the top of the presale.

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