Bonk Price Prediction: BONK Soars 27% As Meme Coin Mania Erupts After The Bitcoin Halving!!

#bitcoinhalving #BullorBear #Memecoins #WIF #SHIB The Bonk price has surged 27% in the last 24 hours to trade at $0.000001960 as of 7:35 p.m. EST on a 129% surge in trading volume to $253 million.

It comes as meme coin mania returns after the Bitcoin halving was completed, with the sector’s market cap spiking and top names including Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and Pepe (PEPE) all on a tear.

Bonk Price Rebounds In The Wake Of Bitcoin Halving Event !

Bonk price took a hit after hitting resistance at $0.00004291. Despite efforts from buyers to raise the price, sellers kept pushing it down, reaching the support zone at $0.00001357. This zone has seen steady activity over the past week.

Bonk is trading above the 50 Simple Moving Average (SMA), a resistance level for its price. However, if the upward momentum continues to grow, it could encourage buyers to push the price above the 200 SMA, confirming the recent momentum.The Relative Strength Index (RSI) has been on a gradual uptrend from the 30 oversold level, culminating to a sharp spike above the 50 midline level to 81 in the overbought region.

Bonk Price Prediction: Can Bonk Sustain The Momentum?

Bonk price bulls indicate resilience regrouping at the $0.00001357 support zone, driving the price upwards. Furthermore, the RSI supports the momentum, helping the bulls push the price upwards as they aim to reclaim March 29 at $0.00002937.However, the bears might take advantage of the RSI trading in the overbought region to drive the price downwards in a corrective state. This could force the bulls to retreat to the support zone at $0.00001752, coinciding with the 50 SMA.