Bonk Price Prediction as BONK Drops 20% in 7 Days – Time to Buy the Dip?

Bonk Price Prediction as BONK Drops 20% in 7 Days – Time to Buy the Dip? / Source: Cryptonews

As the Bonk (BONK) price struggles close to multi-week lows in the $0.000021s and nurses 7-day losses of nearly 20%, traders are assessing whether or not now might be a good time to buy the dip.

$0.000020 has been a strong support zone going back to mid-March, with the price only declining through it once.

In previous instances when BONK bounced from the $0.000020 area, BONK was also gaining support from its DMAs.

Bonk Price Probes 200DMA – Time to Buy?

That is again the case this time around. BONK found strong support earlier this week at its 200DMA.

The last time BONK tested its 200DMA was back in April. In the subsequent 6 weeks, BONK proceeded to rally 260%.

The Bonk price bounced 260% in a few weeks the last time it tested its 200DMA. Source: TradingView

A 260% rally from this week’s lows would see BONK surpass $0.000070.

Of course, there is no guarantee that BONK will bounce again this time around.

But investors currently have an opportunity to buy BONK close to its 200DMA for only the second time this year.

Bonk Alternative to Consider – New Meme Coin Wiener AI (WAI)

Bonk is at attracting levels relative to recent weeks. Investors who get in now may be able to bag as much as 5-10x gains this bull market.

That said, meme coin traders are often looking for gains of much greater than 5-10x.

Catching a new meme coin early before it trends is the best way to secure 50-100x gains.

And one of the best ways to get into a meme coin early is via presales.

Analysts at Cryptonews.com keep a close eye on the market for new meme coin presales.

They are particularly big fans of a new meme coin called Wiener AI (WAI) . As Indeed, AI cryptos are in a lot of focus now as Nvidia surges to become the largest publicly traded company in the world.

Here’s why Cryptonews.com thinks fun new AI meme coin Wiener AI has big potential.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.