Analysis News Today TheBitTimes.com

The crypto strategist who nailed the Bitcoin (BTC) local top in January believes that the memecoin Pudgy Penguins (PENGU) is gearing up for another upside burst. The pseudonymous analyst Bluntz tells his 326,600 followers on the social media platform X that PENGU looks poised for a wave-five surge. The trader relies on Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally, with waves one, three and five serving as upside moves and waves two and four acting as corrective periods. Says Bluntz, “This looks like the PENGU wave four, in my opinion. If you missed the last run up and have been patiently waiting for the pullback, this is a good one to bid. Nice 33% dip after a big run-up is perfectly normal.” Source: Bluntz/X Looking at the trader’s chart, he seems to predict that PENGU will soar above $0.05 before ending its five-wave rally. At time of writing, PENGU is worth $0.0357, up over 7% in the past day. An...

Bonk has displayed remarkable strength recently, solidifying its position as the fourth-largest meme coin by market cap. Over the past week, $BONK’s price has surged by 96%, emerging as one of the top-performing cryptocurrencies. The token has reached a $4 billion market cap, doubling from $1.81 billion in just seven days—a remarkable 2x growth. This rally is closely tied to the surge in Solana’s price, as $BONK, being Solana-based, often mirrors its movements. Much like how Pepe aligns with Ethereum’s bullish trends, Bonk thrives when Solana gains traction. Furthermore, Bonk’s ongoing initiative to burn one trillion tokens by Christmas has fueled bullish sentiment by reducing its supply and potentially boosting its value. With significant trading volumes flowing through platforms like Binance, Coinbase, and Bybit, the token is attracting widespread attention. $BONK Price Prediction Currently, $BONK is priced at $0.0000517, boasting a market cap of $3...

With Bitcoin hitting new highs as of late, the altcoin market is particularly showing signs of hyperactivity. As BTC breached the price mark of $65K, the altcoin market responded positively to the change, with BONK and Dogecoin (DOGE) raking up gains to stabilize their valuations. Let’s explore how high both the tokens can ascend by the end of this month. Also Read: 3 Cryptocurrency Coins To Stash Before The US Election For Best Gains BONK & DOGE Price Projections For The End of October 2024 BONK Price Prediction Source: Decrypt The latest post by Santiment outlines how BONK has lately been performing exceptionally well as a leading meme coin in the crypto world. As Bitcoin closed in to trade at $66K, BTC’s ascent paved the way for BONK to accumulate significant valuation, spiking nearly 13% in the process. According to CoinCodex, BONK is gearing up to hit a new ATH by the end of this month, surging 200% in the process. Image: CoinCodex “According to our current Bonk price predict...

The Bonk price surged 5% in the last 24 hours to trade at $0.00002285 as of 3.15 a.m. EST on trading volume that skyrocketed 80% to $255.6 million. Bonk Price Prediction Right now, Bonk is experiencing increased volatility with its price showing uncertainty as it struggles against a smaller resistance at $0.0000230. According to some technical indicators, BONK still has plenty of room to grow, but the fact that this resistance is preventing it suggests that the traders are hesitant to buy. Bonk’s Bollinger bands have seen a noticeable widening in the past few hours, placing greater distance between the two lines right now than during its price surge in the last 18 hours. However, while wider bands are typically a positive signs, this widening happened during the correction, when the price dropped to the lower band and it pushed it further down. Now, the price is trying to return to the middle point between the two bands, although it is still seeing minor fluctuations that do n...