BONK Surges 75% in 30 Days – Is a PENGU-Style 3X Rally Next?
Memecoin mania strikes again as BONK defies gravity with a 75% monthly pump. Traders now wonder if it can mirror PENGU’s recent parabolic breakout.
Behind the hype: BONK’s recent exchange listings and influencer shilling created perfect FOMO conditions. Meanwhile, PENGU’s 200% surge last month set a dangerous precedent for speculative plays.
The real question? Whether either token has actual utility beyond fueling degenerate gambling habits—sorry, ’retail participation opportunities.’
BONK Could Explode If It Breaks the $0.000026 Resistance
Looking at the daily price chart, BONK has hit a critical resistance at around $0.00002600. This has been an area of strong selling pressure.
Hence, it could also be an area of significant liquidity if bulls manage to push the price to $0.00002800 as they will likely wipe out a significant volume of short orders and cause another short squeeze that favors BONK’s performance in the NEAR term.
The market was heavily one-sided as we entered the beginning of April. Now, sellers may have started to take some profits off the table as the trend reversed. All of this supports a bullish short-term outlook for BONK.
Momentum indicators are strong but and the 21-day and 200-day exponential moving averages (EMAs) seem poised to post a bullish ‘golden cross.’ Coupled with the strong liquidity that this price zone could be harboring,
As Solana meme coins continue to make waves across the market, the best crypto presales like Solaxy (SOLX) will likely outperform well-established tokens as they are offered at heavily discounted prices to early buyers.
Solaxy (SOLX) Solves Solana’s Congestion Issue by Introducing a Powerful L2
Solaxy (SOLX) is a layer-two scaling protocol for the Solana blockchain that reduces the efficiency issues that have plagued the mainnet during peak usage periods.
By bundling transactions offline in a side chain, Solaxy alleviates the mainnet’s burden and strengthens Solana’s reputation as the home for meme coins and, eventually, the most innovative decentralized finance (DeFi) protocols.
As this new L2 is progressively adopted by wallets and exchanges, the demand for $SOLX, the solution’s utility token, will rise rapidly. Hence, those who buy this tokenwill be favorably positioned to reap the highest returns once the token is listed on exchanges.
Apart from this attractive upside potential, $SOLX also offers staking rewards of 113% to investors who are willing to lock in their tokens to secure the L2.
To buy $SOLX, simply head to the Solaxy website and connect your wallet. You can either swap SOL or USDT for this token or use a bank card to make your investment.
Buy Solaxy Here
The post Next Crypto to Explode: BONK Jumped 75% in a Month – Can It 3X Its Price Like PENGU? appeared first on icobench.com.
