BONK is Ready to Reach New Peaks
BONK price has surged 74.63% in the last 7 days, moving closer to the US$4 billion market capitalization milestone. The current momentum is supported by bullish indicators, including the RSI of 62.95, which suggests there is still room for further gains before entering overbought territory.
The Ichimoku Cloud chart and EMA lines also confirm a strong uptrend, with price trading well above key support levels. If this strength continues, BONK could try US$0.00006 and reach a new record high, but a reversal could cause a significant correction towards US$0.000033 or US$0.000021.
Now $BONK is trading around $0.00005091
BONK's RSI is at 62.95, down from over 70 a few days ago when it hit a new record high. This drop marked a brief lull in momentum, but the current uptrend suggests that the coin is gaining traction again.The Relative Strength Index (RSI) tracks price momentum, with a reading above 70 indicating overbought conditions and below 30 indicating oversold levels. At 62.95, BONK is still in bullish territory but has room to grow before reaching overbought status.
Renewed momentum could push prices higher as buying pressure increases, as BONK establishes itself as the fourth largest meme coin on the market and the largest in the Solana ecosystem.