$BONK Technical Analysis and Upcoming Levels

While analyzing the daily chart, BONK appears bullish and is poised to rally significantly in the coming days.

On September 27, 2024, the meme coin broke its crucial resistance level and closed its daily candle above that level and the 200-day Exponential Moving Average (EMA).

Since then, $BONK has been consolidating between $0.000024 and $0.000019 levels.

With the recent price surge, BONK broke out of its consolidation zone and currently, there is no resistance level posing a hurdle to its upward rally. If $BONK closes a daily candle above $0.0000248, there is a strong possibility the meme could soar by 30% to reach the $0.0000335 level in the coming days.

However, BONK’s Relative Strength Index (RSI) is there in a range that suggests a potential upside rally ahead.

Source: CoinPedia