Honk (HONK), a new meme coin on Solana (SOL) has posted a 465% uptick in two days. On the other side, Rebel Satoshi’s (RBLZ) token is making progress in its presale. The Rebel Satoshi project claims to be on a mission to bring together the silent majority of decentralized finance (DeFi) and crypto enthusiasts to rebel against centralization.
Honk’s (HONK) Bullish Momentum
Honk (HONK) has witnessed a remarkable ascent lately, as it has increased by over 465% in the last 48 hours, with its trading volume climbing to $6.2 million.
The support zone at $0.005 provided a foothold for the bulls, allowing recovery from a slight price dip. Despite facing resistance at $0.03, the Honk price showcased resilience, rebounding at the $0.01 support zone, which crafted the handle part of the pattern.
HONK’s Relative Strength Index (RSI) stands at 51, hinting at potential overbought conditions if the momentum persists.
Honk, inspired by the mischievous goose from the viral “Untitled Goose Game,” has garnered attention with its unique concept.
The first goose-themed coin on Solana, Honk’s market debut this week has propelled its market cap as high as $19 million, before dropping to $14 million, positioning it as a contender in the meme coin space.
General Market Outlook
In the broader crypto landscape, Bitcoin has had a recent 3.5% 7 day gain, along with notable performances by Internet Computer (ICP) and Celestia’s (TIA).
Nonetheless, the market remains 14% below its recent highs post the approval of spot bitcoin ETFs in the U.S. earlier this month.
Amidst these developments, ARK Invest has made strategic moves in the crypto space. Selling over 2.2 million shares of the ProShares Bitcoin Trust ETF (BITO) and acquiring 1.56 million shares in the ARK 21 Shares Bitcoin ETF (ARKB), worth $42.8 million and $62.3 million, respectively, ARK’s realignment showcases a dynamic approach in response to market shifts.
Rebel Satoshi’s RBLZ Holding its Own
Rebel Satoshi is a new meme coin. Its governance and membership token is RBLZ.
The RBLZ token price is pegged at $0.0224 in the project’s ongoing round 4 presale and over 89% of allocated tokens have already found buyers, resulting in a total presale raise of $1.6 million.
Investors purchasing RBLZ gain access to a staking program, an NFT marketplace, and a play-to-earn (P2E) game.
Notably, Rebel Satoshi’s Rebel NFT vault offers 9,999 unique collectibles to RBLZ investors.
As the presale progresses, Rebel Satoshi’s inclusive approach is evident as it accepts payments in Bitcoin (BTC) and 50 other cryptocurrencies for seamless onboarding.
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