Bonk Price Continues to Dip, Traders Support New Solana Meme Coin Sealana

With the cryptocurrency market under intense selling pressure, Bonk has performed poorly, retreating 7% so far today.

 

Analysts, meanwhile, are optimistic about Sealana, a just started Solana presale that has achieved the $250K total fundraising mark.

 

 

 

 

 

 

 

BONK Price Drops But Analysts Remain Optimistic

 

Traders expect Bonk’s higher time frame trajectory to continue optimistic, even though it’s struggling today.

 

At its current price of $0.00002507, Bonk has fallen 7% today, gained 2.9% week-to-date, and 8% month-to-date.

 

Its market cap is $1.6 billion, and its trading volume is $335 million every hour.

 

Trader Koz analysed Bonk’s price behaviour over a longer period of time and found that it had just recovered from a significant support/resistance level, paving the way for additional gains.

 

An analyst once said, “One of the best-looking charts out there” was Bonk’s.

 

 

 

The second-largest meme on Solana, according to WebTrend Analytics, might be preparing to hit $0.00005 in the next few weeks.

 

The 4-hour chart of BONK is a perfect reflection of the prior local blow-off high. We have never seen anything like this pattern of repetition.

 

They went on to say, “RSI, WSI, and price action are all exact fits. This price movement is quite similar to what we’ve seen before, which means another blow-off top is imminent.

 

 

Gnarleyquinn, a commentator, is of the opinion that Bonk will eventually surpass Dogwifhat, the main meme coin in Solana.

 

In 2024, WIF has regularly outpaced BONK, making it the only Solana-based meme coin to do so. My question is if we have reached the maximum level of pair trades. The expert wrote that the peak occurred at the same time as the Vegas Sphere.

 

In his subsequent statement, Granleyquinn stated, “My thesis has always been that $BONK will outperform all in the long run.”

 

While some traders are still making bold Bonk predictions, others are being more cautious. The importance of Bonk’s price structure is highlighted by CryptoChed, who thinks that the cryptocurrency still has upside potential but warns that a decline below its range low of $0.000021 would be disastrous.

 

Bond is currently at a local range high and has been performing well off of lows. It is now best to wait for a small pullback or breakout. “However, it would be difficult to retrace to the range low,” the analyst explained.

 

 

 

Still, the Solana ecosystem as a whole is doing well, and experts are predicting that Sealana will be the next big thing.

 

 

 

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Can Sealana Proceed Following a $250,000 Pre-Sale?

 

 

South Park’s foul-mouthed comedy served as inspiration for Sealana, a meme coin with a seal motif that has made a splashy debut.

 

In its first few days of operation, the presale had garnered more than $250K. Market experts and major news organisations have taken notice of this.

 

“The latest Solana meme coin set to rally” is what ClayBro called Sealana in a recent video he posted to YouTube, and he thinks it has a potential of 10 times that.

 

Not only that, but ClayBro isn’t the only famous person who thinks the new presale craze is great. The initiative has already received coverage from media giants such as Watcher Guru, Coinpedia, and CoinGape, even though it is still in its early stages.

 

Rumours that the Slerf team launched Sealana add to its early success, along with its whimsical memetic appeal, which has clearly resonated with market participants.

 

By March, Slerf had surpassed Ethereum in on-chain trade volume and reached a market cap of more than $450 million. Therefore, if the rumours turn out to be accurate, it would be extremely bullish.

 

Inspired by fantasies of Lamborghinis and unfathomable wealth, Sealana abandoned his life at sea to seek meme coin riches.

 

The team has not yet established a hard cap for the Sealana presale, which is now underway. Therefore, interested parties should not waste any time in making a purchase.

 

 

Read More: Solana Meme Coins Are a Big Hit – Sealana Next to Pump?

 

 

 

 

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How to Trade Crypto Futures on BTCC?

 

 

Now you can trade BTC on  BTCC. BTCC supports a diverse selection of cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets.

 

1. Register an Account

 

Join BTCC now and get up to 10,055 USDT when you deposit and trade. Click the button below to sign up now.

 

 

2. Deposit Funds

 

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

 

 

How to Buy Tether USDT Guide

 

 

 

 

3.How to Trade BTC?

 

Here are the steps to trade BTC on BTCC

 

1) First, tap “Futures” on the website homepage

 

 

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

 

 

 

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

 

 

 

 

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

 

 

 

5) Then select your order type, and choose your leverage.

 

 

 

 

If you choose Limit or SL/TP order, you will need to enter your order price here.

 

 

 

Enter the quantity or choose the percentage under the quantity field.

 

 

 

 

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

 

 

 

 

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.