Bonk Price Prediction as BONK Jumps 50% in 24 Hours ā $1 BONK In?
BONK may be the third-largest meme coin by market cap, but two meme coins with lower market caps posted higher rallies: Dogwifhat (WIF) jumped 137% to $0.8074, while PEPE mushroomed 147.0% to $0.0 5 2897 .
A quick look at the BONK chart shows that the current rally may lose steam quite quickly. On the 5-day analysis, the cup-and-handle pattern has stopped appearing on the BONK candle, indicating the bullish cycle may be winding down.
However, zooming out to three months, the candles suggest BONK may have just re-entered a comfortable support level.
There is still potential for further price increases through the Bitcoin halving narrative.
In mid-April, the new supply of Bitcoin will halve in a quadrennial event known as a āhalvingā that analysts say historically leads to reduced supply and higher prices.
As Bitcoin strengthens, you can be sure that most, if not all, of the other leading coins are not left behind either.
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