The meme coin BONK has experienced a 12% surge in value within the past 24 hours due to increased investor interest after REX Shares filed for an ETF application. This has sparked a higher demand for BONK and suggests the potential for a sustained price rally. The coin's price has risen above its 20-day exponential moving average (EMA), a sign of bullish momentum, and its Relative Strength Index (RSI) indicates increasing bullish momentum as well. If buying pressure continues, BONK's price could increase by 17%, but if selling activity resumes, it could drop to a lower level.



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