The post Can Bulls Continue To Dominate Ahead? appeared on BitcoinEthereumNews.com.

Bonk (BONK), the first dog-themed meme coin on the Solana Blockchain, took a pause and comfortably sustained gains above the 20-day EMA mark.  It made a double bottom pattern around its pivot of $0.00001800 and directed a notable recovery of over 55% this month. Fueled by the demand surge in most memecoins, BONK resisted the selloff and retained the bullish momentum. Additionally, a rounding bottom pattern was in the making at press time. This meme coin’s price seemed poised to revisit the blue sky zone around $0.00004200. Once the BONK price climbs beyond the $0.00003200 mark, a sustained bullish wave might breach its all-time high (ATH) mark. Bonk Meme Coin Price at Press Time Following the shift in sentiment across the crypto market in the last week, the memecoin managed to recover. It articulated a fresh recovery accompanied by a volume surge. A fresh higher high swing was spotted, and the BONK price decisively halted the pullback and took a soft breather at press time. It displayed a slight profit booking and paused after a notable pullback of over 25%. Meanwhile, the price action was still positive, and the bullish leg was imminent. Until the prompt support zone of $0.00002500 breaches, the trend would remain bullish, and buyers would continue to dominate the battle. How Is Bonk (BONK) Performing Right Now? When writing, the BONK was trading at $0.00002846 with an intraday drop of 6.206%, reflecting profit booking in the last few hours. Its trading volume declined over 25% in the intraday session. The pair of BONK/BTC was at 0.000000000428 BTC, and the market cap was $1.18 Million. Analysts are neutral and suggest that the BONK price may soon revisit its upper region of $0.00004200. BONK Price Action and Indicators Standpoint  In the past three months, BONK has retested its…

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Filed under: News - @ July 23, 2024 7:26 pm