BONK Price on Track to $0.000035.. Here’s What to Watch
The Solana-based meme coin inspired by dogs, BONK (BONK) has seen its price surge by 37% over the past seven days. This development comes after the broader market saw a significant recovery, with other meme coins also gaining ground.
While some meme coins have seen their gains pared, BONK appears to be showing significant strength. As a result, the price could be poised to rise further in the short-term.
Solana meme coin remains strong
With BONK trading at $0.000024, the Awesome Oscillator (AO) indicator on the daily chart supports a bullish outlook. The Awesome Oscillator is a momentum indicator that compares recent price movements to historical trends, using a zero-line signal to determine whether momentum is bullish or bearish.
When the Awesome Oscillator reading is below the zero line, the momentum is bearish, and when it is above, the momentum is bullish. Currently, the AO for BONK is showing bullish momentum, indicating that the recent sideways movement could soon lead to a major rally.
