All eyes are on meme coins today as the sector outperforms the broader crypto market.
However, Bonk is currently trading at break even. Does this spell a good buying opportunity, or are there most promising alternatives on the market?
Bonk Technical Indicators Are Bullish, Next Leg Up on the Horizon
Bonk’s recent price action reflects an impending bullish rally, according to traders.
Currently trading at $0.00002369, Bonk is up 0.2% today, down 5.5% this week, but up 47% this month.
WebTrend Analytics referenced Bonk’s technical indicators and alluded that its outlook is highly bullish.
The analyst cited its four-hour time frame and said:
“The aura map is squeezing, and there is a bullish divergence. Volatility is incoming. Hold onto your hats.”
Meanwhile, Crypto Rand noted that Bonk is “setting up nicely” above a key structural level after claiming a trendline resistance.
While neither WebTrend Analytics nor Crypto Rand provided potential price targets, both agree that Bonk is bullish based on technical analysis.
Also providing an optimistic outlook, Unipcs underscored that Pepe has recently established a new all-time high and that Bonk remains notably lower than it’s. According to the trader, this offers a solid buying opportunity.
At the time of writing, Bonk is trading at a 50% discount from its ATH.
Prominent TradingView analyst FieryTrading also anticipates Bonk will advance toward its ATH in the coming weeks.
FieryTrading noted that Bonk has bounced from the support of an ongoing bull flag pattern, and will now move to the range high.
The analyst did not explain whether he expects a resistance breakout to follow, but MoralDisciple forecasts a breakout and push toward $0.00013 in the coming months.
However, the analyst also speculates that Bonk holds room for up to 10x gains should Bitcoin rally to $100K this cycle.
“What will Bonk do if BTC goes to $100k+ and an alt season happens? This sounds like several thousand percent. Easy 10x?” He wrote.
But while analysts anticipate upside ahead for Bonk, a new Solalana meme coin called Sealana could be poised to give bigger gains.
Why New SOL Meme Coin Sealana Could be a Better Buy Than Bonk
Sealana is the latest rendition of memetic excitement on Solana and has seen massive early success.
It is a foul-mouthed, seal-themed meme coin that draws inspiration from the hit U.S. sitcom South Park.
While he was once an aquatic mammal, Sealana has left that life behind to pursue meme coin riches. He now resides in his mom’s basement, living off canned tuna and chips while scouring DEXScreener and Crypto Twitter for the next meme coin that might explode.
Indeed, this rags-to-riches ideal resonates deeply with the degen meme coin community, which is captivated by the dream of life-changing gains from meme coin trading.
As such, Sealana has enjoyed monumental presale success, gaining support from investors and top industry analysts.
The presale has already raised a whopping $700K, making it one of the hottest ongoing presales on Solana.
Meanwhile, top analysts are highly bullish. For example, Jacob Bury speculates it holds 10x potential and dubs it the “best crypto to buy now.”
Given its witty backstory, early momentum, and analyst support, the future looks bright for Sealana.
However, the team has not announced a presale hard cap. This means the campaign could end anytime, so potential buyers must act quickly.
