Memecoin frenzy returns? BONK and FLOKI Post Strong Rise

As the cryptocurrency market recovers after the bitcoin halving, meme coins are gaining prominence with significant valuations. Recently, BONK stood out in the market by achieving a 40% increase in its value, while FLOKI also showed strong performance with a 20% increase.

The cryptocurrency market witnessed a strong rally shortly after Bitcoin completed its fourth halving. BTC traded above the R$65,000 zone, an increase of almost 5%. Specifically, BONK has emerged as one of the big highlights, appreciating 40% in the last 24 hours. The currency now operates with a significant market capitalization, which reinforces the interest of investors and traders.

BONK trading volume also showed a substantial increase of over 200%, a positive indicator for continued interest in the coin. Additionally, BONK’s social volume has been growing, reflecting increased engagement in the crypto community.

Technical analysis indicates that BONK’s rally can be sustained. Notably, the Chaikin Money Flow Indicator (CMF) demonstrated a robust increase, and the Money Flow Index (MFI) surpassed the neutral mark, suggesting positive capital flow. Additionally, BONK price surpassed the 20-day simple moving average (SMA), signaling a possible continuation of the uptrend.

While BONK is enjoying positive momentum, FLOKI is not lagging behind and follows the market’s upward trend. With an increase of more than 20% in its value, FLOKI shows that investors are also optimistic about its potential.

FLOKI technical indicators also point to a continuation of the positive trend. Its volume of open contracts and low financing rate suggest stability that could favor future appreciation. Furthermore, FLOKI’s MACD indicator suggests the possibility of a bullish crossover, while its CMF points to an upward trend in price.

The performances of BONK and FLOKI are a reflection of the growing interest in meme coins, which continue to capture the attention of the cryptocurrency market. Both currencies appear to be on a growth trajectory, with favorable technical indications supporting a possible extension of current uptrends.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.