In the world of bullish market belief, Bonk (BONK), a Solana-based popular meme coin, turned bullish after staying steady throughout the duration when others were experiencing a significant benefit rally. It appears that the belief for BONK has altered and it is now poised for a significant advantage rally in the coming days.
Why BONK Price is Increasing?
The capacity factors for BONK’s favorable outlook consistof a bullish cost action pattern, significant interest from traders and financiers, Solana’s (SOL) advantage momentum, and the present market belief. With all this optimism, BONK is event considerable attention from financiers and traders.
BONK Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, BONK has damaged out of a bullish rising cost action pattern on a weekly time frame and is now poised for upward momentum. Based on the current cost action and historic patterns, there is a strong possibility that the meme coin might skyrocket 75% to reach the $0.00016 level in the coming days.
On greater time frames, the BONK chart appears extremely bullish. Besides this breakout, the rising triangle appears to represent rate combination after