Should you consider buying $BONK now that a wealthy trader is predicting a rally? Despite a small drop in the overall cryptocurrency market in the past day, Bonk's price has gone up by more than 1% today, reaching $0.00003187. Bonk, a meme token based on Solana, has surged by a huge 7,900% in a year, as well as 31% in a week and 54% in a month. However, some indicators suggest that Bonk's momentum might be slowing down, hinting at a possible correction after its recent surge. For example, the purple relative strength index (RSI) has dropped from 85 to around 50, indicating there's still room for the currency to fall before it's considered oversold. Despite today's slower growth, the 30-day average is still higher than the 200-day average, which is a positive sign. Bonk's trading volume has increased significantly, from $180 million to over $800 million, which is encouraging. Both support and resistance levels for Bonk are rising, indicating potential for upward movement in its trading range. The recent increase in Bonk's circulation is partly due to renewed interest from large investors, which could sustain$BONK its momentum for a while. Additionally, the upcoming deadline for spot-based Ethereum ETFs might boost overall market sentiment, including for Bonk. While approval of these ETFs may not immediately impact Bonk's price, it could contribute to a more positive market atmosphere. Compared to other meme tokens, some traders believe Bonk has better prospects for future growth. Therefore, it's possible that Bonk's price could reach $0.000035 in the coming weeks, with a potential return to its all-time high of $0.00004547 by the end of the fourth quarter.