Solana-Based Bonk Outshines DOGE and SHIB! How High Can It Go?
The post Solana-Based Bonk Outshines DOGE and SHIB! How High Can It Go? appeared on BitcoinEthereumNews.com.
The memecoin market has experienced a strong bullish reversal as Bitcoin price today successfully holds its value above the $100k mark. While top meme coins like DOGE price and SHIB price experience stable growth, the Bonk memecoin has recorded double-digit growth. Considering the present market sentiments, will this Solana-based crypto outrun the Dogecoin price during the coming altcoin season? CoinPedia’s expert panel has uncovered the possible short-term market sentiments, price analysis, and possible price targets of the Bonk (BONK) memecoin. Bonk Memecoin Retests Its Important Resistance Level! The Bonk price has jumped 11.83% in 24 hours with a trading volume of $602.84 million, a change of +171.82%. Moreover, with a weekly surge of ~16%, this memecoin has successfully reclaimed the $0.000030 mark, highlighting increased positive influence. Bonk Price Analysis 18-01-2025 Moreover, this altcoin has soared ~7% in the last 30 days and has a Year-to-Date (YTD) return of 5.66%. With a market capitalization of $2.467 billion, the BONK meme coin has secured the 51st position in the global crypto market list. Bonk Technical Sentiments The Moving Average Convergence Divergence (MACD) displays a constant rise in the green histogram with its averages recording a bullish convergence in the daily time frame. This suggests a positive outlook for the 03rd largest meme coin in the market. On the other hand, the SMA indicator constantly supports the Bonk price chart in the 1D time frame. This suggests that this memecoin could continue gaining value during the coming week. Will BONK Price Hit $0.000050 This Month? If the bullish sentiment is sustained, the Bonk coin price will reclaim its resistance of $0.00003390. Maintaining the price at that level could set the stage for it to head toward its upper resistance level of $0.00004050 this month. Conversely, a bearish reversal could pull the price toward…
Filed under: News - @ January 18, 2025 12:21 pm