BONK (BONK) Struggles as Technicals Turn Bearish, But This Crypto Expert Predicts 636% Surge for BONK by Year-End

Seems like Bonk (BONK) is back turning heads again. One crypto expert is grabbing attention with a bold prediction – suggesting that BONK could 6x in value before the end of the year.

Bonk (BONK) had a rough week, dropping out of the top 10 meme coins by market capitalization. But one crypto expert believes that BONK could still 6x in value before the year ends.

Here’s what happened to BONK, and which other meme coin is turning heads this week.

Bonk (BONK) Struggles as Technicals Turn Bearish

BONK had a wild ride last week, sparking massive attention with its price action.

But despite rallying over 1,000% at one point, it looks like the hype train might be slowing down.

Currently, BONK is trading sideways around $0.0000196, with the price mostly flat over the past few days.

However, if you zoom out a bit, you’ll see that the token is actually down 10% from last Thursday’s local high.

BONK did rally before that but hit resistance around $0.0000215. After rejecting that level, the positive momentum has faded away.

And the technicals aren’t looking too hot either. BONK is still stuck under the 50-period EMA on the 4-hour chart, acting as dynamic resistance.

Moreover, trading has slowed down, with spot volumes dropping over 30% in the past day, now sitting at around $100 million.

This has pushed BONK down to 7th place in the meme coin popularity rankings, with Book of Meme (BOME) flipping it.

Overall, it seems like BONK is struggling to maintain its momentum and could use some good news or a technical breakout to shake off the bearishness.

Crypto Expert Predicts 636% Surge for BONK by Year-End

Man of Bitcoin, a popular crypto expert on Twitter, had some thoughts on BONK.

A few days ago, he posted about a key price point to watch: $0.0000167.

According to him, things could get interesting if BONK can stay above that level. He’s mapped out a wave pattern that stretches to the end of 2024, and it’s got investors talking.

The big takeaway is that if his prediction is correct, we might see BONK hit $0.000014 before the end of the year.

That would represent a 626% increase from where the token is right now. And it would be a new all-time high for BONK.

Of course, this is just one expert’s take, and fortunes can change quickly in the meme coin market.

Still, it’s an eye-catching forecast that’s given BONK holders a glimmer of hope amidst all the bearishness that’s going on.

Which Other Meme Coins Could Rally This Year?

BONK is drawing attention, but it’s not the only meme coin stirring up excitement this week.

One new project that investors seem to be interested in is Base Dawgz (DAWGZ) – and many believe it could also be set to rally before the end of 2024.

Here’s a closer look at that project.

Base Dawgz Draws Attention with Multi-Chain Setup & High Staking Yields

Base Dawgz is shaking things up – and not just because of its cute theme.

What’s really piquing investors’ interest is its multi-chain architecture.

Although it’s primarily hosted on Base (Coinbase’s Layer-2 network), it’s not planning to stay put.

Instead, the team will use Wormhole and Portal Bridge tech to make DAWGZ available on Ethereum, Solana, Avalanche, and the BNB Chain.

This setup isn’t just for show.

Being able to hop between blockchains means DAWGZ could be accessible to different investor demographics, making it easier to buy and sell.

In turn, this could pump up DAWGZ’s trading volumes – and potentially price.

Unsurprisingly, the Base Dawgz presale has been a hit. It’s already raised over $2.9 million from early investors, offering DAWGZ tokens for just $0.007784 each.

However, this price will last only five more days before rising in the next presale stage.

Those who decide to buy DAWGZ in presale can even stake their tokens immediately.

Annual yields are estimated at 870% – and over 194 million tokens have been locked up already.

These high yields and Base Dawgz’s multi-chain approach have made it a hot topic in the crypto market.

As a result, it’s a project that many are keeping their eye on in the final few months of 2024.

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