BONK Meme Coin Surpasses Its Important Resistance, Will It Achieve a New ATH This Year?

As the Bitcoin price achieves a new all-time high (ATH) during the early Asian trading hours, the memecoin category has taken over the crypto market

As the cryptocurrency market continues to experience a bullish run, memecoins have taken over the digital asset landscape. Among them, Bonk (BONK) has managed to secure a spot in the top gainers list with an impressive surge. But will this bullish sentiment last or will the market pull back by the weekend?

Here’s a closer look at the market sentiments, Bonk price analysis, and what to expect next.

BONK Meme Coin Surges Past Key Resistance!

With increasing bullish influence in the crypto market, the memecoin has surged 18.79% in the past 24 hours with a trading volume of $385.22 million. Furthermore, it has added ~4% to its portfolio over the past week.

Despite recording a neutral trend in the past 30 days, the Bonk coin price has a Year-to-Date (YTD) return of 67.85%, highlighting a long-term bullish sentiment. Ranked 52nd, it trades at $0.0000270.

Bonk Technical Analysis

The Simple Moving Average (SMA) showcases an upcoming bullish convergence in the 1D time. This highlights an increase in the buying sentiment for the memecoin in the market.

On the other hand, the RSI indicator showcases a sharp rise toward the overbought range in the Bonk price chart. This suggests that the crypto token may continue surging in value this week.

Bonk Coin Price To Hit $0.000033?

If the bulls continue to dominate the crypto market, the Bonk memecoin will be retesting its resistance level of $0.0000270. Moreover, if the bullish sentiment sustains, this could be heading toward its upper resistance level of $0.000033 in the upcoming time.

On the contrary, if a trend reversal occurs, the Bonk coin will be dropping toward its support level of $0.00002125. Furthermore, if the bearish sentiment intensifies, it could be plunging toward its crucial support level of $0.0000150 this month.

Curious about whether this memecoin will reach a new all-time high this year? Check out our Bonk (BONK) Price Prediction article to gauge this project’s potential.

FAQs

The Bonk price prediction is very bullish today, making it a good buy for the long term.

The memecoin was launched on 25th December 2022.

The Bonk price is currently trading at a discount of 53.68% from its ATH, making it a high-profit token for the future.

The above is the detailed content of BONK Meme Coin Surpasses Its Important Resistance, Will It Achieve a New ATH This Year?. For more information, please follow other related articles on the PHP Chinese website!