Bonk breaks up resistance: dealers expect price doubling
Bonk recently broken through a significant level and initiated a trend reversal that dealers were waiting for. This event has aroused new confidence in terms of the potential of the token to double its value. After weeks of continuous pressure, the price behavior suddenly indicates a possible strong rally that arouses both investors and analysts.
The outbreak of Bonk from the descending trend line indicates a strong upward movement. With the price above the decisive resistance brand of around $ 0.000020, the token is positioned for a possible doubling of the value. If the momentum continues, Bonk could increase to $ 0.000042 in the next few days and thus double its current value.
Market performance of Bonk
The price of bonk is about today 0,000021 US-Dollar increased, which corresponds to an increase of over 63 % in the past seven days. The trading volume has increased to over $ 490 million, which indicates increased market activity. The market capitalization of the token is currently $ 1.57 billion, which indicates an increasing investor trust.
Bonk has already broken out and consolidates itself at important levels. The all -round amount is about 78.8 trillion tokens. Commercial activity on important platforms remained stable, which contributes to the current price stability. After Bonk was stable at around $ 0.000012 a few days ago, significant resistance is currently being challenged by $ 0.000024.
Technical prospects
The latest outbreak from Bonk is underpinned by strong trading volume and positive indicators. The relative strength index (RSI) is currently over 69, just below overbought levels, which indicates solid purchase interest without exhaustion.
At the same time, the 50-day average at $ 0.0000121 the current upward trend, since the price is safe above it. The Bollinger ligaments show constant volatility, whereby the upper band acts as an immediate resistance at around $ 0.000024.
The conversion of resistance zones into support areas confirms the positive outlook. However, the resistance at $ 0.000025 could trigger setbacks at short notice before further increases. If bonk remains above this level, the next goal is near the high of November 2024 at $ 0.000059.
Although it is expected to doubt Bonk's price, some dealers predict even larger profits. Cryptoelites on X sees an increase of 50 %, which could bring bonk to $ 0.00068. Even if this forecast appears daring, such movements are quite possible in a market in which coins can rise by 100 % within a week. This reflects increasing trust and volatile nature of meme coins like Bonk.
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