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The Bonk price soared 12% in the last week and 3% in the past 24 hours to trade at $0.00001192 as of 4:56 a.m. EST on trading volume that plunged 21% to $97 million.
Bonk Price On A Bullish Breakout
The BONK price on the daily chart presents a compelling shift in trend behavior.
Following a substantial downtrend that began after a sharp rally in late December 2024, the Bonk price formed a falling wedge pattern, a bullish formation.
The wedge began narrowing through the first quarter of 2025, creating lower highs and lower lows, with the price of BONK respecting the boundaries until a recent breakout occurred.
This breakout point aligns closely with the price of Bonk action just above the 50-day Simple Moving Average (SMA), suggesting a potential trend reversal or at least temporary bullish momentum.
Additionally, the chart displays an ABCD corrective pattern nested within the wedge, which often signals the end of a retracement phase, as GeckoTerminal data shows.
The bounce from point C and the subsequent price action breaking above the upper trendline of the wedge confirm the bullish breakout.
BONK is trading slightly above the 50-day SMA ($0.00001185), a level which has transitioned from resistance to tentative support. However, the 200-day SMA remains significantly higher at $0.00002443, indicating that the longer-term trend still leans bearish.
The Relative Strength Index (RSI) is currently at 49.92, hovering around the neutral 50 mark. This suggests no clear momentum dominance, but the trajectory appears to shift from oversold territory toward equilibrium.
BONK Price Prediction
According to the BONK/USDT chart analysis, the breakout from the descending wedge and the positioning above the 50-day SMA suggest that the Bonk price shows early signs of a short-to-medium-term bullish reversal.
If the price of BONK can maintain support above the breakout point and the 50-day SMA, the next major resistance level to watch is around the 200-day SMA near $0.00002443.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe Surpasses $8M – Turn Market Buzz Into Crypto Gains With MIND
MIND of Pepe has quickly gained attention, raising over $8.04 million through its presale. Its success comes from combining AI technology with meme coin appeal.
Unlike regular meme coins, MIND features an AI agent that analyzes market trends, provides crypto insights, and even creates new tokens.
This allows investors to get in early on AI-generated cryptocurrencies, making MIND a one-of-a-kind and promising project in the market.
This AI agent is also designed to deploy its tokens, trade them, advertise them, sell them for profit, and reinvest the earnings into its native token, MIND.
🔥 MIND of Pepe $MIND Update 🔥
MIND of Pepe $MIND continues its unstoppable evolution, solidifying its position as the most advanced AI-powered crypto-intelligence system
LLM Persona Refinement
MoP’s language model is getting sharper!
◉ Enhanced intelligence & engaging… pic.twitter.com/H56ATBvKzn
— MIND of Pepe (@MINDofPepe) March 20, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 279% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0037165 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast because MIND’s price will undergo a scheduled presale increase in about 12 hours.
Visit the MIND of Pepe website.
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