$BONK price has increased by 15% this week and 22% in the past two weeks. This week’s performance makes it the third-highest gainer of the top 10 memecoins, only behind Dogwifhat and Mog Coin. However, looking back over recent months, it’s not been all positive for the Solana-based meme crypto. The project is down 21% this month and 42% from its March all-time high. But with Bonk now displaying relative strength over most of its memecoin peers, industry pundits are bracing for continued gains in the coming weeks.
World of Charts thinks its next leg up is imminent, highlighting that Bonk has recently broken a descending channel. The analysts predict a move toward $0.00004, which could ignite a higher time frame rally beyond its $0.00004704 ATH. $BONK Moving As Expected Running In Almost 18% Profit So Far.