BONK The price made a move to extend its rally again after experiencing a small pullback earlier this week. Meme coin, which increased by 7% in the last 24 hours, was traded at $ 0.00001956. The asset, which has a market value of $1.19 billion, managed to increase its trading volume by 45% in the last 24 hours and was recorded as $454,316,368.
The latest price increase comes during a period when the Solana price rose 13% to $85. It seems like it won’t take long for the SOL price to reach the $100 level.
BONK Price May Increase by 100%
popular nowadays meme coinBONK, which has , experienced a significant increase of 71% in its value last week. However, it has given back nearly 40% of its gains from the week’s high and is currently trading at $0.00001924.
This significant growth appears to be due to its recent listing on leading exchanges, including Binance and Coinbase. Last month, the price witnessed a notable increase of 300% and had risen an impressive 21,000% since reaching its all-time low in December of the previous year.
Koinfinans.com As we reported, BONK’s recent listing by major exchanges and Binance’s choice to include it in Margin trading played a significant role in the price increase.
BONK’s daily chart displays a consistent upward trajectory spanning two months, forming an ‘ascending channel formation’. This formation shows that buyer interest continues, especially in the price range of 0.000012-0.000013 dollars.
CoinCodex remains optimistic about BONK’s future growth, predicting a potential target of $0.00006. These predictions are based on current market dynamics and technical analysis of BONK’s performance.