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Cryptocurrency News Articles
BONK and FLOKI: Q4 2024 Market Cap and Price Predictions
Sep 29, 2024 at 04:02 am
Based on current technical indicators, BONK looks poised for continued growth in Q4 2024. Named after Elon Musk's Shiba Inu dog, FLOKI stands out with its Viking-themed branding and an aggressive marketing strategy.
Based on current technical indicators, projections for BONK price in Q4 2024 appear promising with potential for continued growth.
The Parabolic SAR (Stop and Reverse), used to identify trend direction, is signaling a bullish trend with indicators positioned below the price action. This formation typically indicates a bullish market.
Furthermore, the Bollinger Bands, a volatility indicator, suggest heightened volatility as BONK's price approaches the upper band, signaling further upward movement.
However, with the Relative Strength Index (RSI) above 70, BONK enters overbought territory, which could lead to a short-term pullback in price.
Long-term price projections for BONK in Q4 2024 also appear bullish. The 50-SMA (Simple Moving Average) indicates key resistance levels around $0.00022 and $0.00023, while the primary support level is situated at $0.00018.
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