🚀BONK gains 17%: Is this the beginning of a bull run?


🚀 Bonk (BONK) saw a significant surge on June 25th, with its price rising by 17% in the past 24 hours due to heightened trading activity.

☁️ Currently, BONK is trading above the Ichimoku Cloud, indicating a strong bullish trend supported by the cloud. As long as the price remains above the cloud, the bullish momentum is likely to continue.

🐂 The surge in trading volume accompanying the price increase confirms the strength of the bulls in the market.

📊 With an RSI around 44.56, BONK shows balanced conditions—not overbought or oversold—suggesting potential for further upward movement without immediate concerns of a pullback.

📈 Social volume and dominance for BONK have also spiked, indicating increased attention and speculative trading interest.

📉 BONK’s CM Ultimate MACD, reflecting movements around the zero line, highlights active market conditions with frequent bullish and bearish crossovers, providing multiple trading signals.

📉 Despite short-term bullish indicators, BONK remains below its 200-day moving average (MA), suggesting bearish sentiment over the longer term. Resistance is noted around the 0.000002768 level.

⚖️ Support levels are being monitored around recent lows, with attention on the Stochastic indicator for potential buy signals as it moves towards overbought territory.

💡 BONK’s all-time high was $0.00004547, reached in March 2024, currently trading approximately 49.48% below this peak.