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- Treading volume has increased by 110% in the past 24 hours.
- Bonk crypto price has surged 45% in a week from the trendline.
Since the beginning of 2024, the Bonk price has defended the good support level of $0.0000100. The technical chart shows that the BONK price has defended the trendline four times since February. A week ago, the digital asset price took support on the trendline and has gained more than 40%.
The BONK crypto price has surpassed the 20-day EMA, and the trading volume has increased by more than 100%, showcasing the bullish forecast. Since April, the Bonk crypto price has struggled to exceed the $0.0000300 hurdle, and currently, the price is heading toward this mark.
Bonk crypto was traded at $0.0000260 at press time, with an intraday gain of $1.25%. The market capitalization was $1.77 Billion, and the 24-hour trading volume was $349.04 Million. When writing, the circulating supply was 68,258,363,099,224 BONK, and the fully diluted market cap was $2.41 Billion.
Bonk Becomes a Top Gainer
NEW: SOLANA MEMECOIN $BONK (@bonk_inu) BECOMES THE BIGGEST 24H GAINER AMONGST THE TOP 100 TOKENS BY MARKET CAP pic.twitter.com/hBZd4pJwoJ
— DEGEN NEWS (@DegenerateNews) July 2, 2024
The Bonk crypto is a Solana memecoin that has become the top gainer in the past 24 hours, among the top 100 cryptos, in terms of market capitalization. It has suppressed the big meme coins like BEAM, OM, and EGLD to become top gainers.
Will Bonk Price Record a New All-time High This Month?
The technical chart suggests that the Bonk crypto price has risen by taking support at the trendline. The price has shown bullishness on the trendline and surged by 45% in a week.
Suppose the digital asset price is sustained over the key moving averages; it may remain bullish, and buyers may show interest. According to the trend, the price is expected to reach the last swing high. A breakout from the $0.0000360 may invite buyers for a new all-time high.
On the other hand, the BONK crypto price has faced difficulty in exceeding the $0.0000300 hurdle from mid-March. However, the price triggered a breakout from this level but failed to hold for a longer time.
Selling may lead if the price triggers a breakout from the resistance level of $0.0000300 and sustains. Alternatively, if the price faces resistance from this level, sellers may dominate and drag the price down to the 200-day EMA.
Based on the technical indicators, the Bonk price has traded over the key moving averages at the time of writing. RSI is 54 and has developed a bullish crossover with the RSI-based moving average, heading toward the overbought zone. Overall, the technical indicators factored in the bullish forecast at press time.
Will Bonk Price Remain Bullish Further?
Bonk crypto has demonstrated significant bullish momentum, with price surges, increased trading volume, and positive technical indicators such as the RSI. While the price has faced resistance at certain levels, the overall trend appears bullish, with the potential for a new all-time high if key resistance levels are breached.
Technical Levels
Bonk crypto price is expected to face resistance from the $0.0000300 and $0.0000430 levels. The price may take support at the $0.0000210 and $0.0000150 levels.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
