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Bonk price has traded up 14% in the last 24 hours. $0.00002603 As of 6:50 a.m. EST, trading volume had surged 32% to $465 million.
Bonk has surged 75% in the past two weeks and has surged 148% so far this year.
Bonk price rebound in head and shoulders pattern
Bonk price declined after hitting resistance at $0.00004291. Despite buyers’ efforts to push prices up, sellers continued to push prices lower, reaching the support area at $0.00001477. However, the bulls were once again in control as this struggle led to the formation of a head-shoulders pattern indicating a bullish trend reversal.
BONKUSDT Analysis by Tradingview
Bonk is trading above the 50 simple moving average (SMA), which is a support level for the price. Additionally, the head and shoulders pattern makes Bonk’s price stand out even more.
If the uptrend breaks above the neckline, more buyers could push the price above the 200 SMA and reach the March 5 high of $0.00004365.
The Relative Strength Index (RSI) showed a gradual upward trend from the oversold level of 30 and surged above the midline of 50 to 58. Increasing buying pressure can cause RSI to surge in oversold territory.
BONK price indicates continuation of bullish trend above head and shoulders.
Bonk price strength despite the brief decline indicates resilience regrouping at the $0.00001357 support zone, pushing the price higher. RSI also supports momentum, helping push the price higher with bulls aiming to recapture $0.00002937 on March 29th.
However, bears may also utilize the neckline to push the price lower during a correction. This may cause the bulls to retreat to the support zone of $0.00001930 below the 50 SMA.
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New Solana Meme coin presale approaches $200,000.
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Analyst and YouTuber Crypto ZEUS believes funny meme coins like Sealana have the potential to skyrocket 100x after launch.
SEAL is a “Send to SOL” pre-sale with no timers, steps, hard caps or white papers. Therefore, it could close at any time, indicating that the best time to buy is now for interested investors.
Earn Sealana tokens here! When the ICO ends, you can get 6,900 SEAL tokens as an airdrop for every 1 SOL.
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