Pre-Launch Promises 6,700% Gains! BONK Prepares for Breakout & DOT Eyes $4.44

BONK approaches a resistance barrier, and Polkadot is testing an important range, yet Dragoin ($DDGN) could be the under-the-radar May winner.

The crypto market is showing signs of recovery, with Bitcoin price now aiming for the $92K handle and major altcoins also testing key resistance levels. As Bitcoin pushes higher, BONK is also showing signs of strength, challenging a crucial barrier that could propel the Solana-based meme coin towards new highs.

However, Polkadot (DOT) is encountering a technical range that might determine its next move, presenting a point of interest for traders.

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What Happened: The past 24 hours have seen a surge in trading activity for BONK, with volumes more than doubling to reach $165.77 million. The meme coin price has risen by 8% to reach $0.00001366.

The meme coin is currently trading within a band between $0.00000890 and $0.00001565, with technical indicators suggesting a slight bullish bias. A breach of the upper band could pave the way for a swift rally to previous highs.

At present, BONK faces resistance at the $0.000014 level, which, if overcome, could trigger a sharp upward move.

On-chain metrics from Coinglass indicate that the majority of traders have set their liquidation prices for BONK in the ranges of $0.000009 and $0.000016. Moreover, both smaller and larger buyers, known as "whales," are accumulating BONK.

Polkadot is slowly recovering after finding support at the $3.80 level. The cryptocurrency is now trading at $4.20, aiming to break through the next resistance zone at $4.18.

Lower timeframes of the Polkadot price chart, such as the 4-hour timeframe, display some strength, with higher highs being formed. However, on the broader daily chart, a structural shift is evident as the A/D (accumulation/distribution) line remains flat.

For a more confident uptrend, Polkadot would need to cross the $4.76 price point. Afterward, the next resistance level is at $4.44, which could present a barrier for the cryptocurrency.

Some accumulation activity is being observed on the 4-hour chart, which is occurring in tandem with Bitcoin's rise past the $92,000 mark. Nonetheless, until Polkadot decisively breaches the $4.44 barrier, many traders might prefer to secure gains rather than anticipating further continuation.

Dragoin's Presale Offers 6,700% Gains, Game Is LiveNow, play the Dragoin mini game on Telegram to earn $DDGN and dragon-fly through challenges.

Join the fun and win $DDGN in the Dragoin Telegram mini game! 🐉✈️

Fly through dragon-themed challenges and collect valuable tokens.

Don't miss out on the exclusive presale, offering 25 deflationary stages with each step introducing a burn and price hike.

For instance, at the current stage 4 price of…

— Dragoin (@Dragoin_Token) May 10, 2024

Among the new crypto projects emerging this May, Dragoin ($DDGN) is quickly setting itself apart with a unique product launch and active community engagement.

As the project rolls out its live Telegram mini game, offering users a way to earn $DDGN while navigating dragon-themed challenges, it is already making a buzz. This isn't a promise on a roadmap; it's real interaction pushing things forward.

In contrast, most meme coins are still defined by presale hype or pivoting on social media trends. Dragoin is going a step further, aiming to build a following through features that people can use and enjoy right now.

This initiative is part of a broader strategy to create scarcity and reward early participation in the token's presale, which is still in its early phase.

The presale is structured across 25 stages, each introducing a burn and price hike as new buyers join at a higher price point. For instance, those who enter at the current stage 4 price of $0.0000444 will see the token launch on exchanges at $0.002, presenting a potential gain of 6,700%.

While projects like SHIB and PEPE rewarded early adopters with substantial price surges, Dragoin offers a similar concept with added layers of user activity, such as the Telegram game and its upcoming mobile game.

It's this ongoing engagement that sets Dragoin apart. Rather than waiting for market sentiment to lift it, Dragoin is making its own wave and doing it before the spotlight hits.