Due to the influx of $100 million in trading volume, the bonk price is expected to skyrocket

As trade volumes for Bonk continue to rise beyond $100 million, according to statistics provided by Yahoo Finance, the price of Bonk may be on the verge of exploding.

During the most recent trading session, BONK was trading slightly over the $0.000017 mark, and trade volumes reached their highest level since the previous Friday.

The price of BONK has been trapped in a negative trend since the middle of July.

The bulls, on the other hand, are anticipating that the Bonk price will be able to surge higher if it is able to break above its previous downward trend this week.

Indeed, if BONK were to break above its 50 and 200-day moving averages in the $0.000023s, a breakthrough above the $0.000019 level would pave the way for a quick surge back to the mid-$0.000030s. This is assuming that BONK could also break above its 50DMA.

Due to the influx of $100 million in trading volume, the bonk price is expected to skyrocket.

But it is a very big if. For the time being, the price of BONK continues to be locked in a negative trend.

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