BeInCrypto's recent technical analysis foresaw Bonk (BONK) hitting $0.000025, but the meme coin exceeded expectations. CoinGecko data revealed Bonk's market cap at $1.49 billion on July 1, surpassing Floki (FLOKI) at $1.62 billion. Presently, Bonk's market cap stands at $1.73 billion, outperforming Floki at $1.70 billion. The surge is attributed to Bonk's price rise, with a 10.50% increase in 24 hours, leading to heightened volatility. The price surge may continue if buying pressure persists. An inverse Head and Shoulder pattern suggests a bullish trend, potentially reaching $0.000031. Technical indicators like Parabolic SAR and RSI support an uptrend, with RSI at 53.62, indicating buyer dominance. However, caution is advised as RSI above 70.00 may lead to overbought conditions. This analysis serves as informational, not financial advice, urging readers to conduct thorough research before investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news
Analyzing Bonk (BONK) Market Cap Surge in the Crypto World
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