$BONK Price Surges 10% As Treasury Proposes 84B Token Burn - CoinGape Analytics

The technical indicators on the BONKUSD price chart point to continued bullish momentum. The Money Flow Index (MFI) rating of 53.22 suggests that money flows in the BONK market may sustain a bullish rally. 

In addition, the Moving Average Convergence Divergence (MACD) has shifted into the positive region and above its signal line, reflecting a strengthening bullish trend. Moreover, the histogram developing higher bars suggests that buying pressure is increasing.

Concurrently, with a Relative Strength Index (RSI) rating of 57, this bullish momentum will likely trend upwards, with a potential target of $0.00003600 after hitting a double-bottom pattern on the 4-hour price chart.