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The post BONK Price Tackles Short-Term Supply For 80% Upside Potential! appeared first on Coinpedia Fintech News
With the meme coin sector gaining additional momentum as Bitcoin holds above $70K, the BONK price is finding the support of big investors. As the trading volume surges 61%, the meme coin offers a reversal spot entry point.
With the overall market ready to rise, will the meme coins once again become the top performers? Will BONK hit an 80% high from its current trading price? Will BONK hit $0.10? Find out more about our BONK price prediction.
Will BONK Price Jump 80% This Week?
With the meme coins discovering a fresh new breeze of buying pressure, the dog-themed BONK price is teasing a comeback. As the buyers find a strong footing at $0.00002134, the meme coin prepares for a bullish reversal.
Following a few days of consolidation at the demand level, the BONK price lifts off from the baseline. This jump accounts for a 24% rise to its current trading price at 0.00002678. Further, the meme coin forms a morning star pattern for the lift-off, adding credibility to the bull run.
With the fourth consecutive bullish candle in the making, the meme coin displays an intraday growth of 5.89%. Further, the uptrend comes with a double bottom breakout formed at the baseline, increasing the uptrend possibility.
Technical Indicators:
MACD: The consolidation followed by a bullish breakout uplifts the MACD and signal lines for a potential crossover. This will signal a trend reversal in the BONK price trend.
RSI: The daily RSI line shows a revival trend from the halfway line and rises higher to approach the overbought boundary. With growing relative strength, the meme coin prepares for a run.
Preparations For Post-Halving Altcoin Season
In the weekly chart, the BONK price shows an uptrend in motion, ready to cross the $0.000050 mark. If the meme coin surpasses the $0.000032 mark, the buyers can fuel the rally to hit $0.000069 in the post-halving altcoin season.
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