😱🔥BONK is gaining strength: Expectation of a bullish breakout!🚀🚀
Bonk, a memecoin project on the Solana blockchain, has increased by nearly 20 percent in the last day.
#BONK , which launched the Solana blockchain in 2023 and made a big splash, has recently fallen behind WIF and MOODENG. MOODENG, in particular, has become the memecoin that showed the best performance of the week, increasing by nearly 400 percent in the last week.
$BONK price analysis BONK stood out among the top 100 altcoins according to market data with its performance. Memecoin, which has gained strong momentum, may increase in the last periods of the year.
According to the analysis, consolidation was seen in the symmetrical triangle formation formed on the BONK chart. It was stated that the consolidation, which was interpreted as the accumulation phase, has come to an end.
“The price is one by one to the formation resistance in question,” said AMBCrypto, continuing as follows;
“This period is a financially bullish period for the crypto market. The symmetrical triangle that has formed since the year shows that traders and significant amounts of BONK have accumulated. According to the data, the growth potential seems close.”
BONK price analysis BONK/USDT parity $ 0.000016 region formed a triple bottom. The symmetrical triangle formation shows that triple bottoms are a sign of return.
MACD data is also among the indicators supporting the BONK decline. MACD, which calculates the difference between the two important movements of the asset, gave a directional signal after a long time. The analysis, which interpreted the MACD data as “showing buying momentum,” recorded its framework;
“The data reinforces the idea that the price can rise above the resistance and rise significantly.” The analysis predicted that MACD and symmetrical triangle breaks could increase the BONK price by more than 70 percent.
