FLOKI

Bonk

Amid shifting market conditions, meme coins capitalized on the opportunity to boost their values. BONK took the spotlight with an impressive 40% surge, while FLOKI also experienced significant growth.These gains coincided with increased social media activity surrounding BONK, indicating heightened interest in the meme coin sector.<h2 id="header-0">BONK Rockets 40% After Bitcoin’s Fourth Halving</h2>In the wake of Bitcoin’s fourth halving, the cryptocurrency market experienced a surge, with BONK emerging as one of the top gainers, witnessing a remarkable 40% increase in its value within just 24 hours. As per CoinMarketCap data, BONK was trading at $0.00002145, boasting a market capitalization exceeding $1.4 billion.The <a href="https://cryptosheadlines.com/pepe-pepe-spot-trading-volume-surges-over-2-7-billion/" rel="noopener noreferrer nofollow">surge in BONK’s trading volume</a>, soaring by over 200%, laid a strong foundation for the bullish trend. Moreover, the <a href="https://cryptosheadlines.com/crypto-trader-spends-120k-in-fees-to-acquire-156k-worth-of-meme-coin-four/" rel="noopener noreferrer nofollow">meme coin garnered significant attention across the crypto</a> community, reflected in the spike in its Social Volume. According to Santiment’s data, BONK’s Weighted Sentiment also showed improvement, signaling a decrease in bearish sentiment surrounding the meme coin.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/04/cryptosheadlines008-4.png?resize&#61;640%2C218&amp;ssl&#61;1" />Source: SantimentAnalyzing BONK’s daily chart revealed promising indicators for further bullish momentum. The coin’s Chaikin <a href="https://cryptosheadlines.com/smart-money-flows-in-shib-gala-chz-top-token-inflow-list/" rel="noopener noreferrer nofollow">Money Flow</a> (CMF) witnessed a sharp uptick, and its Money Flow Index (MFI) surpassed the neutral mark. Additionally, <a href="https://cryptosheadlines.com/bonk-price-surges-with-solana-support-100-gains-possible/" rel="noopener noreferrer nofollow">BONK’s price surged</a> above its 20-day Simple Moving Average (SMA), indicating a potential continuation of the bull rally.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/04/cryptosheadlines009-4.png?resize&#61;640%2C403&amp;ssl&#61;1" />Source: TradingViewLooking ahead, Hyblock Capital’s analysis identified potential targets for BONK in the coming days. The meme coin’s smooth trajectory suggests a path leading up to the $0.0000232 mark. However, increased liquidation at this level could trigger a slight price correction. Nevertheless, a successful breakout above this level might propel BONK towards touching $0.000025.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/04/cryptosheadlines010-3.png?resize&#61;640%2C280&amp;ssl&#61;1" />Source: Hyblock Capital<h2 id="header-1">Bullish Trends for BONK and FLOKI</h2>BONK and FLOKI experienced significant bullish movements, with BONK surging by 40% and FLOKI increasing by over 20% in the last 24 hours. At the time of reporting, FLOKI was trading at $0.0001744, boasting a market capitalization exceeding $1.6 billion.<a href="https://cryptosheadlines.com/shiba-inu-burns-657-million-tokens-burn-rate-soars-by-64201/" rel="noopener noreferrer nofollow">Also Read: Shiba Inu Burns 657 Million Tokens; Burn Rate Soars by 64201%</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/04/cryptosheadlines011-1.png?resize&#61;640%2C218&amp;ssl&#61;1" />Source: SantimentNotably, FLOKI’s metrics displayed optimistic signals. The meme coin’s Open Interest rose in conjunction with its price, while its Funding Rate remained low. Typically, when the Funding Rate is low, prices tend to trend upward, indicating a <a href="https://cryptosheadlines.com/binance-boosts-support-for-pepe-and-floki-potential-price-rally-ahead/" rel="noopener noreferrer nofollow">potential continuation of FLOKI’s</a> uptrend.Further bolstering the bullish outlook, FLOKI’s MACD hinted at the possibility of a bullish crossover, while its Chaikin Money Flow (CMF) surged northward, suggesting a potential increase in the meme coin’s price in the coming days.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

BONK and FLOKI Surge – 40% and 20% in 24 Hours

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