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The Bonk price has surged 24% in the last 24 hours to trade at $0.00001600 as of 6:50 a.m. EST on a 256% pump in trading volume to $374 million.
Bonk Price Turns Bullish After Double Bottom Breakout
The BONK/USDT daily chart shows a strong shift from a bearish trend to a bullish one, giving traders a reason to watch closely. The price is now trading at $0.00001600, up by nearly 5% in the latest daily candle.
This jump follows a long downtrend between January and March 2025, where the price kept forming lower highs and lower lows. The turning point came with a double bottom pattern forming around the $0.00000950 – $0.00001000 support area.
After breaking above the neckline at $0.00001350, BONK confirmed a bullish reversal. The price is now holding above this neckline, showing strength. There are also two Fair Value Gaps (FVGs) between $0.00001100 and $0.00001350, which acted as key support during the breakout and could offer strong support if the price pulls back.
BONKUSDT Analysis Source: Tradingview
BONK Eyes December Highs As RSI Nears The Overbought Zone
The next major target is the resistance zone between $0.00002500 and $0.00002750 – the high seen in December 2024. This level also matches the projected move from the double bottom breakout, adding weight to the bullish case.
The RSI is currently at 68.08, just below the overbought level of 70. This shows strong buying pressure, though a short-term pause or pullback is possible. Previous RSI behavior suggests the uptrend could continue if market interest remains high.
BONK/USDT is in bullish territory after breaking out of a double bottom. As long as the price stays above $0.00001350 and holds the FVG support zones, it may push toward $0.00002500. A drop back below these key levels, however, could weaken the bullish outlook.
BTC Bull Token Raises $4.9 Million In Presale – Best Crypto To Buy Now?
While the Bonk price continues it bullish surge, Bitcoin derivative BTC Bull Token (BTCBULL) is attracting investor attention after raising over $4.9 million in its presale.
BTCBULL has a unique feature where holders will receive free Bitcoin through airdrops as BTC’s price reaches new milestones. The first airdrop will occur when BTC hits $150K, with additional airdrops at every subsequent $50K increase.
#BTCBULL doesn’t skip leg day. 🐂
Join the $BTCBULL herd presale today: https://t.co/7eJGZriFZb
For any further enquires send a message to our team @BTCBULL_TokenPR pic.twitter.com/2Lp5TcUkYR— BTCBULL Official Team (@BTCBULL_TokenPR) March 16, 2025
The token also features deflationary mechanics, with a token burn set to occur when Bitcoin reaches $125K for the first time, followed by additional burns every $25K rise in Bitcoin’s price. This will reduce the supply and could boost the token’s value.
Popular crypto YouTube channel 99Bitcoins, with over 725k subscribers, predicts BTCBULL could rise 100x after its launch.
Beyond the airdrops offered, BTCBULL also gives investors an attractive staking option, offering an annual return of 83%.
The current token price is $0.002475, and BTCBULL can be purchased on the official website using either crypto or a bank card.
With the price set to increase in around 22 hours, now is the perfect time to buy for those looking to secure the best deal.
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