Bonk Price Prediction: BONK Surges 17% As Traders Rush To Buy This Solana GameFi ICO With Time Running Out
The Bonk price surged 17% in the last 24 hours to trade at $0.00002250 as of 03:30 a.m. EST on trading volume that skyrocketed 81% to $412 million. The BONK price pump almost matched that of the broader meme coin market, which jumped 18% to a $56 billion market capitalization. Market sentiment was buoyed by Bitcoin surpassing the $65K level. Bonk Price Aims For A Bullish Trend Continuation The Bonk price has been on a downtrend since August 24, as the bears took control of the price around the $0.00002258 support zone to drive the price down to the $0.000016 support zone, according to data from GeckoTerminal . BONK bulls then used this support to push Bonk’s price back towards a markup phase, forming a rounding bottom pattern. The current bullish momentum is now supported by the price of Bonk trading above both the 50-day and 200-day Simple Moving Averages (SMAs). The MACD line (blue) is above the signal line (orange), which is another bullish indicator. This shows that mom...