Bonk Price Prediction: As BONK Soars 11% To A New All-Time High, Experts Say This Meme Coin Rival Might Be The Best Crypto To Buy Now
The Bonk price surged over 11% in the last 24 hours to trade at $0.00005654 as of 11:22 p.m. EST as traders rush to buy the Solana meme coin. With the recent jump in the BONK price, the crypto also established a new all-time high (ATH) at $0.00005768 in the last 24 hours. Its price has since pulled back more than 2% to trade at its current level. Bonk Price Challenging A Major Resistance 4-hour chart for BONK/USD (Source: GeckoTerminal ) The Bonk price has been in a positive sequence over the last few days, and has printed a series of higher highs and higher lows on its 4-hour chart during this period. This has resulted in the formation of an ascending price channel. If this trend continues, the meme coin might soon flip the $0.00005648 resistance into support and possibly rise to as high as $0.00006833. On the other hand, a rejection from the $0.00005648 barrier in the next 12 hours could bring an end to the crypto’s rally. In this alternative scenario, traders will like...