Bonk Price Prediction as BONK Approaches All-Time High – Could $1 Be Next?
The Bonk price has jumped by 9% today, rising to $0.00002324 as the cryptocurrency market as a whole suffers a 0.5% dip.
BONK has now gained 100% in a week and by 113% in the last 30 days, with the meme coin exploding during this week’s ETF-related market-wide rally.
It also sits on a massive 3,100% increase over the past year, with the coin now only 32% down from its ATH of $0.00003416 after spending much of January and February declining.
As such, BONK could post further gains in the coming weeks, particularly as the market becomes more bullish and alt season begins.
BONK’s chart has reached an interesting juncture, with the coin looking overbought but also about to test its resistance level (red).
Its RSI (purple) passed 80 in the early hours of the morning and has begun to soften its ascent, suggesting a slight drop in momentum.
On the other hand, its price has shot well beyond its 30-day average (yellow), which in turn is now rising even more vigorously beyond its 200-day average (blue).
BONK’s 24-hour trading volume has also ballooned in recent days, rising from $50 million a week ago to $750 million today.
It will now be interesting to see if the coin can decisively break through its current resistance level, which sits at around the $0.000025 mark.
If it can push past this price, it could extend its current rally a little further, perhaps into the next week or so.
And with whales still accumulating the token, there’s every chance of additional gains in the near future.
Today the price of $BONK has increased by more than 50%!
A SmartMoney accumulated 98B $BONK($1.54M) from #Binance again before the price increased.
He currently holds 319.44B $BONK($7M), with a profit of $2.9M.https://t.co/1oXGa1QlKp pic.twitter.com/TXYw2H07yz
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