The Solana-based memecoin Bonk (BONK) has been trading sideways, but a bullish divergence is forming as indicated by an uptrend in a key indicator. BONK price has been holding gains above key EMAs and attempting to breach the primary hurdle of $0.00002400. The recent breakout on the chart has led to a bullish conviction, with the memecoin poised for a higher swing of 20% above $0.00002400. The Directional Movement Index (DMI) shows slightly bullish momentum, with buying pressure outweighing selling pressure. BONK price is currently at $0.00002327, with a weekly surge of around 10%. The market cap is $1.72 billion, ranking BONK 50th among the top 100 crypto coins. A golden cross has formed, indicating a potential 20% surge in the following days. The RSI line and MACD indicator also suggest a bullish outlook. Traders are withdrawing BONK from exchanges, indicating positive sentiment, although the long/short ratio and Open Interest have seen some fluctuations. Overall, there are positive indicators for BONK in the near future.



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