The price of BONK is showing a high-level bullish sentiment with an increase of 14.8%, and analysts are optimistic about further price gains. BONK is currently trading at $0.00002203 and is above the 20-day Simple Moving Average, indicating a short-term bullish run. Immediate resistance is at $0.00002494, but breaking this level could lead to more bullish momentum. The Relative Strength Index (RSI) is at 54.86, indicating moderate buying pressure. Analysts believe BONK is experiencing an early-stage bullish Elliott wave, with a target of $0.0000899. A sustained Bitcoin rally could also have a positive effect on BONK's revival.
- Content Editor ( thecoinrepublic.com )
- 2024-11-08
BONK Price Surges 14.8%, Analysts Predict Bullish Wave Formation