{"id":580698,"date":"2024-09-27T10:27:53","date_gmt":"2024-09-27T10:27:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=580698"},"modified":"2024-09-27T10:27:53","modified_gmt":"2024-09-27T10:27:53","slug":"bonk-price-prediction-bonk-surges-17-as-traders-rush-to-buy-this-solana-gamefi-ico-with-time-running-out","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bonk-price-prediction-bonk-surges-17-as-traders-rush-to-buy-this-solana-gamefi-ico-with-time-running-out","title":{"rendered":"Bonk Price Prediction: BONK Surges 17% As Traders Rush To Buy This Solana GameFi ICO With Time Running Out"},"content":{"rendered":"
The Bonk price surged 17% in the last 24 hours <\/span>to trade at $0.00002250<\/a> as of 03:30 a.m. EST on trading volume that skyrocketed 81% to $412 million.<\/span><\/p>\n The BONK price pump almost matched that of the broader meme coin market, which jumped 18% to a $56 billion market capitalization. Market sentiment was buoyed by Bitcoin surpassing the $65K level.<\/span><\/p>\n The Bonk price has been on a downtrend since August 24, as the bears took control of the price around the $0.00002258 support zone to drive the price down to the $0.000016 support zone, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n BONK bulls then used this support to push Bonk’s price back towards a markup phase, forming a rounding bottom pattern.<\/span><\/p>\n The current bullish momentum is now supported by the price of Bonk trading above both the 50-day and 200-day Simple Moving Averages (SMAs).<\/span><\/p>\n The MACD line (blue) is above the signal line (orange), which is another bullish indicator. This shows that momentum is strongly in favor of buyers. The histogram is also positive, reinforcing this bullish outlook.<\/span><\/p>\n However, the lines are a bit extended, so while bullish, a minor correction could occur before continuing upward.<\/span><\/p>\n The RSI is currently at 80.55, indicating that the asset is in overbought territory. An RSI above 70 suggests that the price might be overextended in the short term, potentially leading to a small pullback.<\/span><\/p>\nBonk Price Aims For A Bullish Trend Continuation<\/h2>\n