Why Bonk Price Could Rally 90% Amid Market Sell-Off
The Bonk price is experiencing a dip in line with the broader crypto market downturn. However, despite this temporary setback, there are strong indications of ongoing market accumulation that suggest a potential 90% surge on the horizon.
Currently hovering around $0.0000225, the Bonk price is once again testing its 200-day moving average (DMA). In recent months, investors who have bought Bonk when it tests its 200DMA and held for a few weeks have seen significant returns.
If historical patterns repeat themselves, this strategy could prove fruitful once again. But it's not just the 200DMA that signals a potential buy opportunity.
Another positive sign is that the Bonk price is approaching a retest of an uptrend that has been active since February. This uptrend could serve as a catalyst for a 90% rally towards the $0.000040s, marking the upper limits of Bonk's accumulation range in recent months.
Bonk Price Could Rally 90%, But This Rival Could 100x
While investing in Bonk may yield a 90% rally, there are always traders looking for even larger gains. One way to achieve substantial returns in the meme coin space is by getting in early on a promising new project.
meme coin presales offer one avenue for achieving significant gains, and one such project generating buzz is shiba Shootout (SHIBASHOOT). This new Wild West-themed play-to-earn (P2E) meme coin has attracted substantial interest, with investors pouring over $860,000 into the project.
SHIBASHOOT boasts P2E utility and offers passive income opportunities, making it an attractive option for investors seeking substantial returns. Popular crypto presale analyst Michael Wrubel has highlighted the potential for shiba Shootout to deliver 100x returns, further solidifying its appeal.
For traders looking to capitalize on the explosive growth potential of meme coins, shiba Shootout's presale presents a compelling opportunity to get in on the ground floor of a promising project.
As the crypto market continues to evolve, opportunities to secure significant gains abound for those willing to explore emerging trends and innovative projects. Whether investing in established tokens like Bonk or seeking out new opportunities like shiba Shootout, there is no shortage of options for traders looking to maximize their returns in the dynamic world of cryptocurrency.
