$BONK , which has increased by over 30% in the last two days, is facing a potential bullish breakout.
Dogecoin’s (DOGE) rally during the US elections has triggered the emergence of “super memecoins” in cryptocurrencies. DOGE’s rise of up to 300% has increased the appetite for memecoins. Crypto investors have flocked to memecoins such as Floki (FLOKI), Shiba Inu (SHIB) and Pepe (PEPE).
With the developme t of memecoin, the Solana blockchain has gained momentum. Solana’s popular memecoin BONK has caught a strong trend by exceeding $ 0.000025.
AMBCrypto noted that it examined the #BONK price;
“BONK has increased by 23% and exceeded the potential resistance. The breakout indicates that the rise in the popular memecoin may continue."
BONK price analysis
BONK price chart showed that a significant resistance point of 0.000033 was broken. BONK recorded high trading volume as risk appetite in memecoins increased.
BONK analysis stated that the price is approaching the next resistance level of 0.000045. According to the analysis, whether the increase in the popular memecoin will continue depends on the resistance point in question and the characteristics of the market.
MACD indicator indicated a strong increase. If the momentum continues, BONK will reach the next target. In other general terms, any change in MACD may trigger a possible emergence.“
In BONK, which is winking at the bull run, 52.89 percent of traders were long (bullish) while 47.11 percent were short (bearish).
AMBCrypto describes BONK's course as follows He assessed;
“BONK can continue its bullish momentum accompanied by strong technical growth. The popular memecoin needs to carefully monitor its fundamentals to drive a high-energy rally.”
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