BONK's Price Keeps Surging: +20% From Last Week - And This Other Presale You Should Check Out

BONK, the famous Solana meme coin, continues its positive performance. But will the BONK price be able to maintain this trend? Let’s have a look.

BONK’s price has increased by +20% in the last seven days and +9.5% since yesterday. Its current market cap is $1.72 billion, and its daily trading volume is $300 million, an increment of +100%.
The crypto market seems to be slowly recovering from this bearish June, and meme coins are also improving their performance, potentially signaling the start of a new rally. BONK could be the one leading this uptrend.

When memecoin exhaustion hits, it usually results in the first mover sending incredibly hard to kickstart a second szn (Similar to Feb PEPE move)

Higher for longer on $BONK pic.twitter.com/Atq1yQDYQn

— 💐Guru 💐 (@CoinGurruu) July 1, 2024

BONK Price Analysis: Leading Solana Meme Coin BONK Mounts Big Surge

(BONKUSDT)

BONK’s price yesterday went above the 100 MA (100 Moving Average: average price over the last 100 candles, in this case, 1-day candle), and it’s currently trading above it.

The RSI (Relative Strength Index: an indicator for speed and change of price movements) is currently above the 50 RSI zone, possibly indicating a change in trend. Also, we noticed that the RSI was right over the oversold zone (below 30) and bounced several times from it.

If BONK’s price keeps trading above the $0.000025 mark, this could be considered a bullish signal. The next important resistance level for Bonk is $0.00002943, and surpassing this level might catapult BONK even higher. It is possible that BONK will go through a consolidation phase before the next pump.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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