Ponke price surges 14% as Crypto.Com activates PONKE trading and FOMO frenzy erupts around rival SOL Meme coin

Bonk price Has risen More than 14% in the last 24 hours to trade at $0.3914 as of 7:40 AM EST as investors frantically buy the Solana token.

This latest rise in the price of PONKE comes after central exchange Crypto.com announced that it has opened deposits for cryptocurrencies.

The exchange also announced that meme coin trading is now live through its mobile app. Traders can buy PONKE using more than 20 fiat currencies.

Ponke price breaks multiple resistance levels

4-hour chart of PONKE/USD (Source: GeckoTerminal)

Bulls pushed Bunki price above the resistance at $0.3214 to flip the mark into support. In the ensuing 24 hours, buyers continued to accumulate the cryptocurrency, clearing the next technical barrier at $0.3820 as well.

He should points Maintaining a position above $0.3820 over the next eight hours, the altcoin may have the foundation needed to continue rising in the short term. This could then lead to the Ponke price breaking the $0.4477 barrier and potentially rising to $0.5067 in the next couple of days.

However, a break of PONKE below the $0.3820 mark over the next eight hours could invalidate the bullish thesis. In this alternative scenario, traders can start taking their profits to force the price of Ponke lower over the next 24 hours. Bears may later pull the altcoin price back to the aforementioned price point of $0.3214.

Ponke price is approaching a major technical barrier

Traders and investors will want to note the fact that Ponke price is trading near the upper border of the Bollinger Bands indicator on the 4-hour chart. points He tried to break this technical barrier twice during the past 24 hours, but both attempts failed. Therefore, rejection of the Bunke price at this level again may lead to a correction.

Meanwhile, the Moving Average Convergence and Divergence (MACD) line is positioned bullishly above the MACD signal line on the 4-hour chart. Traders typically see this alignment as an indicator that the cryptocurrency is in a short-term positive cycle.

Although the trend of the MACD and MACD signal lines gives the impression that the price of Ponke will rise in the next 24 hours, the narrow gap between the two lines tells a different story.

With the margin between the two technical indicators shrinking, PONKE’s bullish momentum appears to be losing steam. This could also be an early sign that the altcoin positive cycle is coming to an end. If these bearish signals are validated, Ponke price could soon lose the support at $0.3820.

While the bulls are trying to push the price of Bunki higher, investor frenzy has erupted over the rival Solana Mimi coin silana (torrent) With airdrops due in less than six days.

A real degen project

Sealana (SEAL) stays true to its crypto roots and doesn’t come with big promises or claims of the next technical innovation that will revolutionize the emerging digital asset space.

Instead, cryptocurrencies rely on their growing community and the hype surrounding Solana meme coins to gain traction in the market.

This approach has paid off so far, with the cryptocurrency raising over $6 million via its initial coin offering (ICO). Sealana’s social media has also seen impressive growth, while the development team is actively sharing memes on the project’s X page to build anticipation for the upcoming SEAL launch.

With a following on X of over 12k and a Telegram channel of over 11k members, SEAL has the strong community support needed to make a splash in the cryptocurrency market.

In a recent video, YouTuber Matthew Perry, who has more than 223,000 subscribers, said the SEAL “could be a gem.”

The next airdrop sets off a wave of FOMO

Investors are rushing to buy SEAL ahead of the upcoming airdrop, which is scheduled to take place on July 2 at 1:00 PM UTC. Buyers will have until July 1, 1:00 PM UTC, to become eligible for the distribution event. Any codes purchased within 24 hours after this deadline will not be claimable until after the first airdrop.

the #Pre-sale it’s over! 🚨 No #Air drop It starts on Tuesday, July 2nd at 1pm UTC! 🕙🦭

Don’t worry, you can still buy $seal Before the airdrop begins! 🚀💸 #silana He’s more excited than the fat guy at McDonald’s for a whale $Seal In your wallets! 💰More information coming soon! 🔥 pic.twitter.com/9Mafi9u060

– Sealana (@Sealana_Token) June 25, 2024

TThere is still time to get the token at ICO prices before the airdrop and subsequent DEX listing of SEAL. To take advantage of the opportunity at this basic stage, investors can take advantage of the simple purchase tool included in the project’s official website.

For sale at $0.022, SEAL can be purchased using either ETH, USDT, BNB, SOL, or a bank card.

Buy SEAL here before it goes live and gets listed on the DEX.

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