Popular meme coin bonk again experienced a significant increase. Additionally, it increased by approximately 34.06% in the last 7 days and 5.30% in the last 24 hours.
At the time the news was written, meme coin It stands at $0.00001343.
The latest rally marks a significant shift from the Solana-based meme coin’s trend over the past 30 days. Indeed, it has fallen by 9.78% during this period and is down – albeit by only 0.67% – compared to its price on January 1.
Given the uncertainty of the new uptrend, Finbold decided to consult the AI on whether BONK would maintain its momentum.
Artificial Intelligence Prediction
Artificial intelligence predicts that Bonk will neither decline nor continue to rise following its 30% rise. Instead, the meme coin is predicted to behave like no other and enter a period of sustained growth.
This trend will see it slowly climb to around $0.000014 by February 19, 2024. Additionally, the platform’s algorithms predict that BONK’s price performance will continue the same until mid-March, when the cryptocurrency is likely to approach $0.000015.
The recent rally has turned market sentiment decidedly bullish, although BONK’s long-term performance has been lackluster with only 12 green days in the last 30 days. Similarly, the “Fear and Greed Index,” which tracks investor sentiment, lists current attitudes as “greed.”
The price forecast predicting a slow and steady rise for Meme coin crypto- While it may seem strange given how the currency typically performs, it is supported to some extent by technical analysis based on the last 24 hours of trading taken on February 14th, which ranks BONK as a buy.
However, technical analysis taking the cryptocurrency’s performance over the last 7 days paints a very different picture. With these parameters, the token is generally ranked as “strong sell”, with oscillators being “neutral” but moving averages overwhelmingly giving sell signals.
Considering that meme coins often offer the biggest moves in the crypto market, BONK sees SOL, the native token of the Solana blockchain, making similarly big moves in 2024 as it rapidly grows as a social and utility token in the SOL ecosystem. It is interesting to note.
Indeed, after falling at the beginning of the year, SOL entered a rally at a similar moment to BONK and is up 21.20% in the last 7 days. Unlike BONK, it is also in the green over the last 30 days – up 19.05% in the time frame.
At the time of writing, SOL is back above $115.22, with a 1.13% increase in the last 24 hours, after losing the January 2 level.
