Bonk Price Prediction as BONK Skyrockets, Outperforming Dogecoin – Is BONK the New DOGE?
The Bonk price has dropped to $0.00001525 today, marking a 3% loss as the market also suffers a corrective dip in the past 24 hours.
However, this dip has done little to reverse the very impressive gains BONK has made in recent days, with the meme coin actually up by 37.5% in the past week.
It’s also up 50% in the last 30 days and by 1,400% in the past year, making it one of the best-performing top-100 coins of 2023.
And with its momentum remaining strong, it’s likely to continue seeing gains in the next few weeks, and to continue outperforming over meme coins.
BONK’s chart and indicators show an increase in momentum in the past couple of days, yet also leave plenty of room for further gains in the short- and medium-term.
Its 30-day average (yellow) has begun climbing again after hitting a trough in the previous week, with its climb further beyond the 200-day average (blue) suggesting that Bonk remains firmly within a growth phase.
At the same time, the altcoin’s RSI (purple) had neared 60 in the past couple of days, although it’s struggling a little now, meaning hat it’s not entirely clear whether more gains are coming or more losses.
Still, it’s worth noting that Bonk’s support level (green) has protected the token from serious dips over the past week or so, so any falls today are likely to be contained.
BONK’s trading volume also remains elevated in comparison to recent weeks, at just over $300 million, compared to only $100 million at the start of 2024.
This suggests that whales remain interested in the token, with recent data highlighting some big buys from larger traders in recent weeks.
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