BONK Rises 9% as Flockerz ICO Surpasses $5 Million

Bonk price jumped 9% in the past 24 hours, trading at $0.00004612 as of 7:48 p.m. EST on trading volume that soared 69% to $942 million, according to Coingecko .

Bonk price prepares for a lasting bullish trend reversal

THE bonk price is currently in slight correction after a significant rebound in November. The bulls continue to capitalize on the $0.00002090 support level to keep Bonk price above the 50-day and 200-day simple moving averages (SMA).

After the rise, BONK is now trading within the confines of a descending channel pattern, but with prospects of a breakout, as Bonk price is now touching the upper limit of the channel.

The current value of the Relative Strength Index (RSI) is 57.20, which is in the neutral to bullish zone. This indicates that the price has room to rise further before entering overbought territory. A recent upward change in the RSI reflects a resumption of momentum after consolidation on a 12-hour time frame.

Meanwhile, the Moving Average Convergence Divergence (MACD) line (blue) is slightly above the orange signal line, suggesting slight bullish momentum. However, the histogram shows minimal separation, indicating that momentum is not particularly strong yet.

After breaking out of the bearish channel, the price may attempt to test the $0.0000500 resistance zone, where the previous highs are located. Sustained buying pressure could push it beyond this level. In such a scenario, Bonk price bulls could target the next possible resistance at $0.000060.

BONK/USDT chart analysis Source: Tradingview

Conversely, in the event of a retracement, the 200-day SMA ($0.00002666) and the upper boundary of the wedge could serve as immediate support levels.

As Bonk price targets a lasting reversal of the uptrend on the downtrend channel, some investors are turning to pre-sale meme coins like the new launch. Flockerz (TROOP) for more explosive upside potential.

According to 99Bitcoins, a popular cryptocurrency channel on YouTube with over 706,000 subscribers, FLOCK has the potential to grow 100 times after its launch.

Flockerz Raises Over $5 Million in Blockbuster Presale

Flockerz has surpassed $5 million in funds raised in its ICO as it continues its mission to put power back in the hands of the crypto community.

Armed with the first ever vote-to-win (V2E) mechanism, Flockerz ($FLOCK) sets a new standard for the entire meme coin industry.

Herds always help each other to achieve their goals!

Teamwork makes the dream work! pic.twitter.com/Mk97zpMy37

– Flockerz (@FlockerzToken) December 2, 2024

V2E functionality allows the Flockerz community to directly influence the direction of the project. $FLOCK token holders can vote on key decisions such as protocol upgrades, treasury management, and community proposals, with their votes rewarded with additional $FLOCK tokens. In short, voting equals winning.

Even if everything is burning around you.

Everything is always good when you are with the herd! pic.twitter.com/dDeu98Flob

– Flockerz (@FlockerzToken) November 19, 2024

The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia.

In addition to V2E rewards, users can earn passively through the platform’s staking mechanism, with a whopping 509% annual return.

Investors interested in joining the presale can visit the official Flockerz website to purchase FLOCK tokens at the current price of $0.0062995 each using BNB, ETH, USDT or a bank card.

Buy before a price hike in just over 2 days to get the best deal.

Buy FLOCK here.

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