Bonk Price Prediction: BONK Plunges 14% As Investors Shift Focus To This New Solana Layer-2 Crypto For Its 380% Staking APY

Bonk Price Signals A Rebound On Strong Support

The $$BONK /USDT daily chart shows several technical patterns and indicators that highlight a potential bullish scenario. The major support zone, shown as a key horizontal level, has provided a strong foundation for price stability. Over time, the price has tested this area multiple times, showing its importance in attracting buyers. This zone marks the base for subsequent upward movements and has served as a launchpad for significant rallies.

Additionally, the formation of a Golden Cross, where the 50-day moving average (MA50) crosses above the 200-day moving average (MA200), signals a positive shift in market sentiment. This crossover often indicates a transition from bearish to bullish momentum and historically precedes long-term upward trends. The recent price breakout from the downward-sloping trendline further reinforces the bullish outlook, as it confirms a reversal pattern after the prolonged consolidation phase.

Solaxy ( solX ) Presale Races Past $9.2 Million-Best Crypto To Buy Now?

As the Bonk price gears up for another bullish rally, investors are also flocking to buy Solaxy (SOLX), a new Solana-based meme coin and the first layer-2 solution on the Solana network. It has already raised over $9.2 million in presale funding.

According to a crypto analyst on 99Bitcoins, a well-known YouTube channel with over 719K subscribers, Solaxy could potentially soar 100x after its official launch.