#BONK price has increased by 74.63% in the last 7 days and is now challenging its market value target of 4 billion.

This momentum in the popular memecoin is supported by the RSI (Relative Strength Index) indicator at 62.95. Other important indicators, the Ichimoku Cloud and EMA lines, also confirm a strong uptrend. If this positive momentum in $BONK continues, its price could test $0.00006 and renew ATH. However, in a downward movement, it will fall to $0.000033 and $0.000021 until it falls back.

BONKā€™s RSI value is currently at 62.95 and was above 70 when it reached new highs a few days ago. This decline indicates a brief pause in momentum and evaluates the current upward trend.

The Relative Strength Index (RSI) tracks price momentum, with values above 70 indicating overbought, and values below 30 indicating oversold. The RSI at 62.95 indicates that BONK is in an increasingly bullish zone, but there is room for growth before it becomes overbought. The current RSI level suggests that BONK may target higher levels.

Elements such as the continuation of the memecoin trend, the increase in the BTC price, or the exhaustion of BTC dominance are the beginning of BONK's rise. In such a scenario, the resistance at $ 0.000075 can be followed. Strengthening the momentum that continues weekly above this level until the price reaches 0.00010. In terms of market value, the $ 5 billion level can be considered a sales zone.

"It should rise in retests"

The Wolf of Main Street, recorded with cryptocurrency analyzes, attracted attention with the BONK chart. According to the analyst, if the parity is strong, the retest will continue to be increased. The Wolf of Main Street, who thinks that BONK is a strong pair even if it is a BONK buy at the current price, thinks that the reward could be big. The main area that the analyst sees as suitable for buying is the blue box.

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