Bonk Price Prediction as BONK Becomes Best Performing Meme Coin on the Market – What’s Going On?

cryptonews.com:

The Bonk price has jumped by 3.5% in the past 24 hours, climbing to $0.00001393 on the back of news that Revolut is likely to list the Solana-based meme token.

BONK is also up by an impressive 33% in the past week, and while the token is flat in the last 30 days, it still holds onto a 1,500% appreciation in a year.

This has made it the best-performing major meme coin in the market, and while it has had ups and downs in recent weeks, the likely Revolut listing underlines how it still has the potential for big rallies.

What’s particularly encouraging about BONK is that it had struggled to escape an oversold position much of January, implying that it’s due a nice healthy rally.

Its relative strength index (purple) reflects this, having risen from 40 for much of January, it now stands at around 60, giving it plenty of space for further increases.

Similarly, its 30-day average (yellow) has recently begun rising again after more than a month of decline, something which again suggests that the coin could be at the beginning of a period of growth.

It’s also bullish that its 24-hour trading volume has increased substantially in recent days, up from $50 million a week ago to $160 million as of writing.

Much of this volume stems from insider reports suggesting that trading platform Revolut is about to list Bonk.