Bonk Hits Top Since July—Could It Beat Shiba Inu and Floki?

Bonk's price history has seen tremendous highs and abrupt declines.

The coin peaked at $0.00003771 on March 5, 2024, then dropped 75% to $0.000012 by April 13.

After then, Bonk fluctuated throughout the year, suggesting a return.


The coin peaked at $0.000034 in July and dropped to $0.000015 in August.

By October 1, Bonk rallied to $0.000026 after consolidation but was rejected at descending channel resistance.

Another price increase broke support in November, suggesting a bull phase. It rose 100% to $0.000038 today.


Source: Cryptonews.com
BONK is now trading at $0.000038, up 26.7% in 24 hours.

Technical analysis suggests Bonk is testing new highs after breaking a six-month falling wedge pattern.

If this surge continues, the cryptocurrency might rise 92% to $0.00004800.

The token's increasing speed depends on $0.000026 support.

Bonk may extend its upward trend to $0.000040 if this level holds.

Bonk's favorable and growing financing rate fuels this hope.

This means that more traders are banking on the token's price rising, boosting confidence in its future.

Bonk is gaining popularity as Binance.US expands the token's reach and the market becomes more interested in Solana-based assets.

Instead of Bonk's breakout, Shiba Inu has followed an Elliott Wave pattern.

Shiba Inu is in its second corrective wave, with a big rally expected in the third.

The asset has been correcting, and $0.000020 support is crucial to its upward potential.


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