The Bonk price has recently increased, which seems to be fueled by increased excitation around its Solana -based ecosystem and increased market activity. In just five days, the meme has rushed out of 70% of $ 0.000013 to a peak of $ 0.000022, showing an upward force.
More specifically, the impressive climb can be attributed to the growing popularity of LetsBonk. More recently, Dune Analytics revealed that LetsBonk has deployed parts even significantly higher today, exceeding the pump.
Similarly, the anticipation of an ETF deposit and a burn of token planned for a Billion in December also exploded the confidence of investors. Consequently, the Bonk price witnesses an explosion, the market capitalization reaching $ 1.76 billion, which even overthrew Trumpcoin market capitalization of $ 1.70 billion.
Bonk Crypto to increase by 35%?
Currently, the Bonk price can be seen to exchange hands at $ 0.00002240, comfortably raped above the 200-day dynamic EMA band while its upper limit of Bollinger strips has also developed upwards.
This upward trend is also supported by the majority of its technical indicators on the daily graph of Bonk which reflect the short -term strength. For example, the Silver Silver Flow (CMF) has solid capital at 0.25. MacD oscillator and impressive oscillator histograms are on the rise.
In addition, the RSI reached a summit of 73 on an excessive condition. Despite this, the upward trend suggests that buyers can remain active in the short term. However, a recharge period around 60 via consolidation at Bonk Crypto Price could also occur before another significant increase.
Haussier scenario
If the support at $ 0.000022 is selected and the negotiation volumes come back, Bonk could make a new push towards the summits relative around $ 0.000029, which gives gains of 35%.
Downside
Conversely, clear ventilation less than $ 0.0000,190 would point out a return to the previous trading ranges, increasing the risk of downward pressure to the levels of May and possibly up to the volume pile to $ 0.0000158.
