BONK Crypto Price Target: Ready for 20% Jump?

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BONK, the first Solana-based memecoin is showing a strong recovery, with its price up by nearly 7% in the last 24 hours.

In this article, we will dive into BONK’s price analysis, key metrics, and technical indicators to provide an up-to-date overview.

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BONK Crypto Price Analysis

Current Price: $0.00000178
24h Trading Volume: $58,764,830
Market Cap: $88.7 million
Circulating Supply: 49.8 trillion BONK
24h Price Change: +6.92%
24h High/Low: $0.00000182 / $0.00000165

Breakout from Falling Wedge pattern has signaled a bullish trend reversal. We would be buyers on breakout retest around $0.000020 key level, with +20% upside potential to $0.000024 thereafter. Stop Loss at $0.000018.

Weekly Price Analysis

7-day Price Change: +5.23%
Opening Price (October 1, 2024): $0.00000169
Current Price (October 8, 2024): $0.00000178
Trend: Short-term trend is Neutral, Medium-term trend is Up, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $0.000016, then $0.0000125. Nearest Resistance Zone is $0.00003.

Technical Indicators

Relative Strength Index (RSI): Currently at 58, BONK is approaching overbought territory.
Moving Average Convergence Divergence (MACD): The MACD shows a bullish signal with a crossover happening two days ago.
Bollinger Bands: The price is nearing the upper Bollinger Band.