CandleFocus Crypto expert explains why BONK price could go parabolic
2024-11-20
Author: Content Editor
The price of Bonk (BONK), a meme coin, has reached an all-time high of $0.000060. It has experienced a significant rally and has a market capitalization of $4.8 billion. A crypto analyst believes that the token may continue to rise as Fear of Missing Out (FOMO) spreads across the industry. Bonk has also seen strong trading volume on key markets, surpassing other popular meme coins like Shiba Inu and Pepe. The coin's trading volume on Coinbase and Upbit has exceeded that of other major cryptocurrencies like Solana and Ether. This suggests that Bonk is becoming a favorite among traders in the United States and South Korea. The rise of Bonk has also boosted trading activity in Solana's ecosystem. The token's charts show bullish momentum, with the next target potentially being $0.000075. However, there is a risk of a mean reversion that could see the coin retest a support level at $0.000028.
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