Year of the Dragon

Solana

Bonk

Smog

Coin

<p><span style="font-weight: 400;">The Bonk price </span><a href="https://www.coingecko.com/en/coins/bonk" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">soared</span></a><span style="font-weight: 400;"> more than 16% in the past 7 days to trade at $0.00001361 as of 8:45 a.m. EST as investors re-enter the meme coin’s charts.</span></p>
<h2 id="span-style-font-weight-400-the-bonk-price-overcomes-resistance-span"><span style="font-weight: 400;">The Bonk Price Overcomes Resistance</span></h2>
<p><img decoding="async" src="https://s3.tradingview.com/snapshots/n/nmSeUvtk.png" alt="BYBIT:BONKUSDT Chart Image by StevenWalgenbach"></p>
<p><span style="font-weight: 400;">4-hour chart for BONK/USDT (Source: </span><a href="https://www.tradingview.com/x/nmSeUvtk/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">TradingView</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">A rising wedge has formed on the meme coin’s 4-hour chart, which could suggest that the Bonk price will drop in the next 24 hours. Should this pattern be validated, the crypto may retest the $0.0000128480 support level soon. A drop below this significant price point will open up the risk of BONK falling to the subsequent support level at $0.0000088550. In an extremely bearish scenario, the Bonk price could fall to as low as $0.0000051340 in the short to medium term.</span></p>
<p><span style="font-weight: 400;">This bearish thesis may be invalidated if the Bonk price closes a 4-hour candle above the rising wedge pattern within the next 24 hours. In this alternative scenario, the altcoin may attempt a challenge at the $0.0000192765 resistance level. Overcoming this barrier could give BONK the foundation needed to keep rising in the next few days. As a result, the Bonk price could rise to the $0.0000290295 threshold through the course of the following week.</span></p>
<h2 id="span-style-font-weight-400-bears-may-briefly-bring-the-bonk-price-down-span"><span style="font-weight: 400;">Bears May Briefly Bring The Bonk Price Down</span></h2>
<p><span style="font-weight: 400;">Technical indicators on BONK’s 4-hour chart suggest the meme coin’s price may drop in the coming 24 hours. The Moving Average Convergence Divergence (MACD) indicator shows that the meme coin entered into a short-term negative trend in the last 24 hours. During this period, the MACD line crossed below the MACD Signal line, which is generally seen as a confirmation of a bearish trend reversal.</span></p>
<p><span style="font-weight: 400;">In addition to this, buyers are rapidly losing strength against sellers. The Relative Strength Index (RSI) line crossed below its Simple Moving Average (SMA) line. This signals that bears have gained the upper hand against bulls. Sellers also seem to be growing their strength at an alarming pace as the RSI line is steeply sloped towards oversold territory below the SMA line.</span></p>
<p><span style="font-weight: 400;">If these technical flags are validated, BONK’s positive weekly streak may come to an end soon. But competitor </span><a href="https://insidebitcoins.com/visit/smog" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Smog</span></a><span style="font-weight: 400;"> shows no signs of doing anything except climb with the new Solana meme coin star soaring 68% in just the past 24 hours. The altcoin also saw its 24-hour trading volume top $3 million.</span></p>
<h2 id="span-style-font-weight-400-the-latest-addition-to-the-solana-meme-coin-ecosystem-span"><span style="font-weight: 400;">The Latest Addition To The Solana Meme Coin Ecosystem</span></h2>
<p><span style="font-weight: 400;">Smog is the latest meme coin to enter the vibrant Solana ecosystem, and has made quite the entrance with an 83% surge since its launch. This has nudged the project into the top 20 list of the biggest meme coins by market cap at 16th place as it joins</span><span style="font-weight: 400;"> the ranks of the meme coin elite alongside the likes of Dogecoin, Bonk, Shiba Inu, Pepe and Dogwifhat.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/SMOG?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SMOG</a> <a href="https://twitter.com/hashtag/Dragons?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dragons</a> have decided! 🔥🐉<a href="https://twitter.com/search?q=%24SMOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SMOG</a> is taking <a href="https://twitter.com/bonk_inu?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bonk_inu</a> for a date tomorrow! 💑</p>
 <p>Tune in to see how it goes! 🎉😉 <a href="https://t.co/tYUHxVnnh6" rel="noopener noreferrer nofollow">https://t.co/tYUHxVnnh6</a></p>
 <p>— SMOG (@SMOGToken) <a href="https://twitter.com/SMOGToken/status/1757442607804776537?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 13, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>And in one cheeky development today, Smog tokens were airdropped to people in the Dogwifhat community with more than 3k tokens.</p>
<p><span style="font-weight: 400;">The strong growth of the meme coin since its launch could be attributed to its upcoming airdrop, which is rumored to be the largest the crypto community has ever seen.</span></p>
<p><span style="font-weight: 400;"> Although details regarding the event have not been revealed, the project’s tokenomics indicates that 35% of the token’s supply has been set aside for airdrops. Despite unclear eligibility criteria for the airdrop, investors are betting big on the altcoin’s short to medium term prospects as the number of Smog holders surpasses 20,000.</span></p>
<h2 id="span-style-font-weight-400-about-to-drop-another-zero-span"><span style="font-weight: 400;">About To Drop Another Zero</span></h2>
<p><span style="font-weight: 400;">Smog’s price has surpassed $0.09 and seems to be on track to lose another zero soon. The team’s strategic decision to launch the meme coin on the resurgent Solana blockchain has already given the altcoin the strong foundation needed to take off.</span></p>
<p><iframe title="🚀 Get Ready for the Ultimate Solana Airdrop! Smog 100X Potential" width="640" height="360" src="https://www.youtube.com/embed/PYgfP5G11HU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">Adding to the meme coin’s potential is its dragon-themed branding, which appeals to buyers in Chinese communities across the world as the </span><span style="font-weight: 400;">Chinese New Year of the Dragon gets underway</span><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align);">.</span></p>
<p><span style="font-weight: 400;">Speculation of potential listings on major centralized exchanges next week have also been making the rounds. There are rumors that there may be new listings on exchanges including </span><a href="https://shrt.care/401722fd" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">BuyBit</span></a><span style="font-weight: 400;">, </span><a href="https://shrt.care/d12f1c2e" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Gate.io</span></a><span style="font-weight: 400;"> and </span><a href="https://shrt.care/adfd094e" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">KuCoin</span></a><span style="font-weight: 400;">.</span></p>
<p><span style="font-weight: 400;">The token can be purchased before these possible major listings </span><a href="https://insidebitcoins.com/visit/smog" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">here</span></a><span style="font-weight: 400;">.</span></p>
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Bonk Price Prediction: BONK Pumps 16% In A Week, But Still Gets Left Behind By New Solana Meme Coin Competitor Smog With 68% Pump

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