Bonk Price Prediction as the Hottest Meme Coin Keeps Hitting New All-Time Highs – Can BONK Reach $1?
The Bonk price has risen by 88% in the past 24 hours, having rocketed to $0.00002843 after Coinbase listed the meme token yesterday.
BONK has also risen by a very impressive 129% in a week and by 946% in the last 30 days, with the token also up by a whopping 33,000% in relation to its all-time low of $0.000000086142, recorded on December 29 of last year.
All of these percentages make BONK the best-performing top-100 cryptocurrency of 2023 and recent weeks and months, with future listings potentially pushing the coin to new heights in the next few months.
Almost needless to say, Bonk’s indicators are currently through the roof, providing a clear signal that the meme token is currently in the middle of bullish growth phase.
Its 30-day average (yellow) is now rising aggressively beyond its 200-day average (blue), with the shorter term indicator having overtaken its longer term counterpart back in early November.
At the same time, BONK’s RSI (purple) is nearing 90, a sign not only of strong buying pressure, but of the possibility that the coin has now entered overbought territory.
Just as bullish is BONK’s trading volume, which after falling as low as $30 million in November has risen to $1.3 billion.
This is a massive rise in trading, with the obvious cause of such a rise being Coinbase’s listing of the token.
Take profits if you must… Profits is Profits.
But the mania phase for BONK has not even started. Go check SHIB history
It took 3 months from Coinbase listing to enter mania phase
I will be surprised the market markets exit here at $2Billion now they got the world watching. pic.twitter.com/K0zMFWwqzr
— Pablo (@pablo_xbt) December 15, 2023
Even though BONK may correct a little in the short term, what’s bullish about the token
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