Bonk Price Soars: Key Support Level Holds as Cryptocurrency Bull Run Gains Momentum

Bonk Price Soars Past $0.000034 with Bullish Support Established

The price of Bonk reached $0.000034 this week, the highest level in over five months, continuing its amazing comeback. Higher prices are predicted by technical indicators as the cryptocurrency bull run accelerates. The essential resistance level at $0.00002613 had already been converted into a support level by the time the coin peaked on October 1.

Will Bonk’s Bullish Golden Cross Propel It to Yearly Highs?

With a bullish crossover between the 50-day and 200 Weighted Moving Averages (WMA), it has also created a golden cross pattern. In the past, this trend frequently resulted in greater long-term gains. Bonk broke above both the extreme overshoot point of the Murrey Math Lines and the third resistance level of the Woodie pivot point.

In June, the coin reached its peak level at $0.000034, which was also the critical resistance level that it retested. It retreated after reaching that level in June, falling 55% to $0.0000155. Additionally, the Supertrend flipped to green, a common bullish indication. Therefore, the bonk price must be above that level in order for further increases to proceed. It will then jump by 50% and reach the high of $0.000044 for the year.

Crypto Experts Forecast Bonk’s Continued Rise as Bitcoin Soars Over $89K

Now that the price of Bitcoin is headed over $89.000, cryptocurrency specialists are growing more confident that the Bonk token will continue its upward trajectory. During bull runs, meme coins have often performed better than Bitcoin. ZerO, a well-known cryptocurrency analyst, said in an X post that Bonk will someday reach $30 billion in value. The coin’s price must increase by 1,400% to reach $0.00042 in order for that to occur.

To reach $0.1, Bonk still has a long way to go. The coin needs to increase by 294,018%. Although this could occur in the cryptocurrency sector, it is unlikely to happen anytime soon. On the other hand, after being launched on Binance US, the price of Bonk increased. In a release, the company announced that it would have access to thousands of customers when the BONK/USDT pair began trading on November 13.

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