Solana-Based Bonk Outshines DOGE and SHIB! How High Can It Go?

The memecoin market has seen a powerful bullish reversal because the Bitcoin value efficiently holds its worth above $100,000 right this moment. Whereas prime meme cash resembling DOGE value and SHIB value are seeing steady development, the Bonk meme coin has registered double-digit development.

Given present market sentiment, will this Solana-based crypto surpass the Dogecoin value throughout the upcoming altcoin season? CoinPedia’s skilled panel has uncovered the doable short-term market sentiments, value evaluation, and potential value targets of the Bonk (BONK) memecoin.

Bonk Memecoin retests its main resistance stage!

Bonk value is up 11.83% in 24 hours with a buying and selling quantity of $602.84 million, a change of +171.82%. Furthermore, with a weekly improve of ~16%, this memecoin has efficiently reclaimed the $0.000030 mark, highlighting its elevated constructive affect.

Moreover, this altcoin is up ~7% over the previous 30 days and has a Yr-to-Date (YTD) return of 5.66%. With a market capitalization of $2.467 billion, the BONK meme coin has secured the 51st place on the worldwide crypto market listing.

Bonk technical sentiments

The Transferring Common Convergence Divergence (MACD) exhibits a gentle improve within the inexperienced histogram, with the averages registering a bullish convergence within the every day time-frame. This means a constructive outlook for the third largest meme coin available on the market.

However, the SMA indicator constantly helps the Bonk value chart within the 1D time-frame. This implies that this memecoin may proceed to realize worth within the coming week.

Will BONK value attain $0.000050 this month?

If the bullish sentiment continues, the Bonk coin value will regain its resistance at $0.00003390. Sustaining the value at that stage may pave the best way for a value to succeed in the best resistance stage of $0.00004050 this month.

Conversely, a bearish reversal may pull the value in direction of the $0.000030 assist stage. Furthermore, if bearish sentiment strengthens at that time, it may plunge to the lows of $0.0000270.

Questioning what the long-term value prospects of this memecoin are? Learn CoinPedia’s Bonk Value Prediction to Uncover the Doable Mysteries Till 2030!

Incessantly requested questions