BONK is getting stronger: It's in the process of an upward 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.

It has been suggested that BONK may rise with the increasing memecoin activity on the Solana blockchain. AMBCrypto gave signals of a potential breakout in the published analysis.

BONK stood out among the top 100 altcoins according to market regulations 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 interpreted as the accumulation phase has come to an end.

AMBCrypto, who said, “The price is one by one reaching the formation resistance in question,” continued as follows; “This period is a nationally bullish period for the crypto market. The symmetrical triangle that has been formed since the year shows that traders have accumulated a significant amount of BONK. According to the data, the potential potential seems close.”

MACD data is also among the indicators supporting the BONK decline. MACD, which calculates the difference between the two important inactivity 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 the MACD and symmetrical triangle breakouts could increase the price of $BONK by more than 70 percent.

#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #MogulProdustions