The Solana-based meme coin, **Bonk ($BONK )**, has seen a significant surge following its recent listing on **Upbit**, South Korea's largest cryptocurrency exchange. This new development has already driven a 7% jump in BONK's price, pushing the token's monthly rally to over 35%.

### Upbit Lists Bonk for Spot Trading

On **October 22**, Upbit officially added **Bonk** to its platform for spot trading, with the BONK/USDT trading pair going live at 18:00 KST. The announcement immediately boosted BONK’s price by 7%, reflecting increased interest from traders. This listing further solidifies Bonk’s presence in the cryptocurrency market, particularly within the South Korean trading community.

It is important to note that Upbit currently supports deposits and withdrawals for BONK only via the **Solana** network. Additionally, to encourage early trading activity, Upbit has waived **withdrawal fees** for the first 24 hours after the listing. Once this period expires, standard fees will apply.

Trading restrictions are in place, with price limits based on CoinMarketCap’s data. For the first five minutes of trading, sell orders below 10% of the previous day's closing price will be restricted.

### Is a Rally on the Horizon?

The listing on Upbit has sparked optimism among traders and analysts who believe that Bonk may be gearing up for a new all-time high. After a period of consolidation, the price of BONK has surged, and technical indicators suggest the potential for further upward movement.

One key indicator, the **"golden cross"**, which occurs when the 50-day moving average crosses above the 200-day moving average, points to a potential bullish rally. Analysts are eyeing price targets of **$0.000035** and **$0.000045**, with the token currently trading around **$0.0000232**, at the 0.236 Fibonacci retracement level.

### Current Market Overview

As of now, BONK is trading at **$0.00002425**, with a 24-hour low of **$0.00002304** and a high of **$0.00002485**. Trading volume over the past 24 hours has surged by **30%**, reflecting increased market interest.

Additionally, open interest in **BONK futures** has risen to over **$300 million**, representing a **20%** increase in the last 24 hours. This growth signals increasing confidence among investors, coupled with heightened market activity.

### Conclusion

The recent listing of Bonk on Upbit has triggered a wave of optimism among traders, with many predicting a potential 2X rally. While the technical indicators and rising market interest point towards a bullish outlook, it is crucial for investors to remain cautious and informed about the volatility in the cryptocurrency space.

For the latest updates on **Bonk** and other major developments in the world of cryptocurrencies, follow our profile to stay ahead of the curve.

#BONK🔥🔥 #Bonkpriceprediction

The price of #BONK🔥🔥 recently broke out of a five-month-old falling wedge pattern, which is typically considered a bullish signal. This breakout indicates a possible rise in the value of the cryptocurrency.
The meme coin market has been thriving in recent weeks, and this could be an opportunity for $BONK to move closer to its previous all-time high.
BONK Traders Are Optimistic
The sentiment around BONK has significantly improved, as evidenced by a sharp increase in Open Interest (OI). Over the last 24 hours, OI has jumped 24%, rising from $8 million to $10.19 million. This surge reflects renewed interest from traders returning to the market, potentially preparing for a major rally.

Despite the previous #BEARISH📉 sentiment, the rise in OI shows that traders are once again optimistic about the potential of BONK. Overall, the macro momentum has shifted to a bullish stance, supported by key technical indicators. The MACD (Moving Average Convergence Divergence) indicator has returned to bullish territory after a brief bearish phase.

This shift in momentum is critical for BONK, as it aligns with a broader bullish trend seen across the meme coin market.
BONK Gains Support from Broader Market Trends
The overall growth in the wider cryptocurrency market has also helped BONK regain lost ground. As long as this macro trend continues, BONK has the potential to maintain its upward trajectory. However, traders should be cautious of possible volatility.
#Bonkpriceprediction : Seeking Key Support
Currently, BONK is continuing its breakout from the falling wedge pattern, signaling a potential price rally of up to 92%. The target price is around $0.00004352, just below its all-time high of $0.00004800.
However, before BONK can reach this level, it must first break through the key resistance at $0.00002748 and turn it into support. Achieving this would represent a multi-month high and potentially pave the way for further gains.

If BONK fails to break this resistance, it is likely to consolidate below this level, with the next key support at $0.00002153. A failure to break the resistance could invalidate the bullish outlook and keep the meme coin trading sideways.
#memecoin🚀🚀🚀 , #BONKPotential
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“