Bonk’s price is up 12%, and this ICO offers a diverse offering of memes

News FetcherJanuary 22, 2025

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Bonk’s price is up 12%, and this ICO offers a diverse offering of memes

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Bonk’s price rose more than 12% over the past 24 hours to trade at $0.00003273 as of 6:26 AM EST as investors began hoarding the meme coin.

This rise in the price of BONK comes after asset managers REX Shares and Osprey submitted applications for a cryptocurrency ETF (exchange-traded fund) just 24 hours after the inauguration of US President Donald Trump and his appointment of Commissioner Mark Ueda as acting Securities and Exchange Commission. Chairman of the Commission (SEC).

Bonk price settles at the support level

BONK chart image

BONK/USD 4-hour chart (Source: GeckoTerminal)

Bonk price is Resting At the support level at $0.00003176. Should Solana If the meme coin drops below this mark over the next eight hours, it could face the risk of falling to the next support level at $0.00002759.

On the contrary, Bonk price holding a position above the $0.00003176 support during the next 12 hours may invalidate the bearish thesis. In this most bullish case, the Meme coin It can try to challenge at the $0.00003639 resistance level. A 4-hour close above this technical barrier could lead to a rally to a high of $0.00004067 in the short term.

Technical indicators indicate that the bunk price may move in either direction

From a technical perspective, indicators on the 4-hour chart suggest that Bonk price could move in either direction. More specifically, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) do not give a clear indication of what BONK might do next.

In recent hours, the RSI line has begun to stabilize. Recent readings just above the neutral 50 mark indicate a slight bullish tinge. However, sellers can easily control the Bonk price if they collectively decide to do so in the next few hours.

Meanwhile, the MACD line and MACD signal lines are trading near the same level as well. This may indicate that traders are waiting on the sidelines for the bulls or bears to step in and push the Bonk price up or down.

While traders wait to see which direction Bonk’s price will move next, investors are turning their attention to it MEMEX Indexa pre-sale token that enables diversified investment in meme coins.

Cryptocurrency experts are bullish on the innovative meme ticker token. Among them is popular cryptocurrency analyst and YouTuber Jacob Burri, who told his over 54k subscribers that MEMEX could be the next 10X opportunity in the market.

Offering investors a way to purchase Meme Coins that matches their appetite for risk

The hype around meme coins in the past few weeks has led to the launch of several new crypto tokens by opportunistic developers looking to capitalize on the growing interest in these fun cryptocurrencies.

With new projects entering the cryptocurrency space on a daily basis, it can be difficult for investors to find the next gem that can lead to massive profits.

Through its innovative index offerings, the Meme Index aims to make it easier for investors to purchase meme coins and potentially profit from them. The project makes this possible through multiple investment baskets that each come with different risk and reward profiles. These baskets are Meme Titan indicator, Meme Moonshot indicator, Meme Midcap indicator, and Meme Frenzy indicator.

To access any of these baskets, investors simply need to purchase a MEMEX token. After that, they will only need to stake their holdings in the investment basket to which they want exposure.

Investors are betting big on the future of Memex

With the bullish forecasts from experts like Jacob Burry, and how easy the project is for investors to learn about meme coins, it’s no wonder the cryptocurrency has already raised over $2.7 million through its ongoing ICO.

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