The post BONK Price Analysis: Breakout Above $0.00003 This Week? appeared first on Coinpedia Fintech News
Bonk price has seen a sharp revival in recent weeks, driven by renewed meme coin enthusiasm and robust trading volume. Despite the market-wide uncertainties, the Bonk meme coin price is up 45.33% over the past month. With solid potential, is the right time to stack some tokens? Read this short-term Bonk price analysis for a breakdown of possible milestones.
Is BONK Heading Toward $0.00003?
The Bonk token price is up 7.40% in the past 24 hours, now trading around $0.00002284 with a market cap of $1.81 billion. BONK has successfully broken through a critical resistance level at $0.00002204, which could pave the way for further gains.
The current RSI reading of 61.65 suggests bullish momentum but is still far from the overbought territory. Successively, if this bullish momentum sustains, the next resistance levels lie near $0.000026, as shown in the chart. Talking about long-term growth, if BONK manages a weekly close above $0.000030, it could confirm a major breakout, with historical patterns suggesting a potential rally to $0.000130, especially during the meme coin rally.
Read our Bonk Price Prediction 2025, 2026-2030 for long-term price targets!
On the downside, short-term support is set firm at $0.00002070, making it a logical stop-loss level for intraday traders. A deeper correction could find footing at $0.00001871, though the broader trend remains bullish.
FAQs:
The Bonk price today is up a healthy 7.40% at $0.00002284, boosted by an intraday trading volume of $620.78 million.
A CEX listing, or meme trading volume exceeding $1 billion, could propel BONK toward $0.000130.
A reasonable stop-loss for intraday setups is $0.00002070, just below current support.