Bitcoin smashed a new ATH at $94,000 a few moments ago but failed to trigger the entire crypto market. This could be probably due to the rising dominance of Bitcoin. Regardless of the ongoing sell-off, which has slashed the BTC price to $92,500, some of the altcoins have been fighting the bearish activity. Memecoins like Brett (BRETT) & Bonk (BONK) have been leading the rally since the early trading hours, which is expected to keep up the elevated trend for long. 
BONK (BONK) Price Analysis
The memecoin Bonk has recorded a huge influx of buying volume in the past few days, which helped the token to print massive green candles. Although the bears tried to claim some dominance, the growing market sentiments helped the bulls to hold a tight grip over the rally. Now that the token is leading the top gainers, it would be interesting to watch whether the BONK price holds a bullish trend in times of growing bearish activity.
As seen in the above chart, the BONK price rally has hit a new ATH at $0.00005916, which attracted bearish activity, but the bulls managed to hold the rally above $0.000055. The recent rounds of Bonk’s DAO burning 1 trillion tokens may have boosted the rally. This, coupled with the Golden Cross, could keep growing and reach 1.2 FIB at $0.00005817, which may act as a strong base for further price action, reaching the higher target above $0.000007. 

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