- Cryptocurrency prices soared to the highest point in months.
- Bitcoin continued its remarkable rally as it jumped to a high of $37,000.
- Bonk, ORDI, and Badger DAO Token were among the top performers.
Cryptocurrency prices had a spectacular week. Bitcoin surged above $37,000 while Ethereum soared to over $2,000 after Blackrock filed for an ETH ETF. This rally coincided with the strong performance of American stocks and bond sell-off. The Dow Jones, Nasdaq 100, and S&P 500 index rose for 9 straight days, the longest rally in years. This article explores some of the top tokens, including ORDI, Bonk, and Badger.
Bonk price prediction
Bonk was one of the top-performing cryptocurrencies this week as it finally made a bullish breakout. For starters, Bonk is a meme coin that gained popularity in January this year as it became the first of the sort in the Solana ecosystem.
Its goal was to become a good and vibrant rival to popular meme coins like Shiba Inu, Floki Inu, and Dogelon Mars. After becoming so popular initially, Bonk token went silent for months. Now, the token has suddenly woken up and surged to a high of $0.0000023, 1,126% above the lowest point this year.
On the daily chart, we see that the Bonk token has soared above all moving averages while the Relative Strength Index (RSI) and Stochastic Oscillator jumped to the overbought level. The Average Directional Index (ADX) has surged to 60, the highest point on record. In most periods, this indicator usually shows the strength of a trend.
Therefore, the risk/reward sentiment seems unfavorable for now. I suspect that the token’s rally will take a breather in the coming days. If this happens, the next price to watch will be the psychological level of $0.0000015.
ORDI price forecast
ORDI was another breakout star in the crypto industry this week. The coin, which is the native token for Bitcoin Ordinals, surged to a high of $21.55 on Thursday, about 580% above the lowest point in October.
ORDI jumped for two main reasons. First, it rallied after Binance decided to list the token. In most cases, cryptocurrency prices jump when a major crypto exchange lists it. This rally happens because of the significant attention that the listing brings.
Second, ORDI token soared because of the strong performance of Bitcoin Ordinals volumes. Data by CryptoSlam shows that Ordinals overtook Ethereum NFTs briefly on Wednesday. Its volume rose to over $20 million in a day.
ORDI crypto price has soared above the 50-day moving average while the Stochastic Oscillator has moved above the key overbought point of 75. The ADX index has also jumped to 70. Therefore, the outlook for the token is quite bearish for now. I suspect that it will retreat as buyers start taking profits. If this happens, it will likely drop to about $12 and then resume the bullish comeback.
Badger DAO price prediction
Badger DAO was another top cryptocurrency of the week after Binance announced the listing of its futures product. The token surged to a high of $5.74 on Friday morning, almost 200% above the lowest point this year.
Like ORDI and Bonk, BADGER’s token jumped above all moving averages. As this happened, the volume of the token rose after remaining calm for a long time. The ADX index has also jumped.
In most cases, this price action is usually a difficult one in that they tend to be short-lived. Therefore, there is a likelihood that the token will crash to the key support at $4.0.
Cronos (CRO) price forecast
Cronos, formerly known as Crypto.com coin, has been in a strong bullish trend in the past few weeks. It has jumped in eight days straight and is now at the highest point in months. CRO token has risen above the descending trendline that connects the highest swings since February.
CRO price has surged above all moving averages. Its volume has also risen, which is a good sign. Further, the Stochastic Oscillator has moved to the overbought point. Also, the ADX indicator has continued jumping. Therefore, the outlook for the coin will likely continue soaring as buyers target the key resistance point at $0.10.
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