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The Bonk price has surged 14% in the last 24 hours to trade at $$0.00002603 as of 6:50 a.m. EST on a 32% surge in trading volume to $465 million.
Bonk has soared 75% in the last two weeks and has skyrocketed 148% so far this year.
Bonk Price Rebounds On A Head And Shoulders Pattern
Bonk price took a downturn after hitting resistance at $0.00004291. Despite buyers’ efforts to raise the price, sellers kept pushing it down, reaching the support zone at $0.00001477. However, the bulls have taken control once more as the struggle leads to the formation of a head-and-shoulders pattern, which indicates a bullish trend reversal.
BONKUSDT Analysis By Tradingview
Bonk is trading above the 50 Simple Moving Average (SMA), which is a level where its price tends to find support. Also, the head-and-shoulders pattern is making Bonk’s price stand out even more.
If the upward trend breaks past the neckline, it might motivate more buyers to push the price up beyond the 200 SMA, possibly reaching the high it hit on March 5th at $0.00004365.
The Relative Strength Index (RSI) has been on a gradual uptrend from the 30 oversold level, culminating to a sharp spike above the 50 midline level to 58. More buying pressure could see the RSI jump in the overbought region.
BONK Price Signals A Bullish Trend Continuation Above the Head And Shoulders
Despite the short pullback Bonk price bulls indicate resilience regrouping at the $0.00001357 support zone, driving the price upwards. Furthermore, the RSI supports the momentum, helping the bulls push the price upwards as they aim to reclaim March 29 at $0.00002937
However, the bears might take advantage of the neckline to drive the price downwards in a corrective state. This could force the bulls to retreat to the support zone at $0.00001930 below the 50 SMA.
Meanwhile, Sealana, the hot new crypto in the Solana ecosystem, is making waves after raising $154k in just two days since its presale launched.
New Solana Meme Coin Presale Nears $200k
Sealana is a cheeky seal who’s bursting out of his mom’s basement like a true hero! He’s all about enjoying burgers, dreaming of Lambos, and, of course, scoring big in the crypto world. With his bold personality, he’s defying expectations and reaching for the stars.
Sealana’s mascot takes inspiration from the popular South Park character Gamer Guy, also known as Fat Computer Nerd from the World of Warcraft episode. Now, Sealana is counting on that same viral charm to draw in investors.
Crypto ZEUS, an analyst and YouTuber, believes in the potential of fun meme coins like Sealana to surge 100X after launch.
SEAL is a ”send SOL” presale with no timer, stages, hard cap, or even a whitepaper. It can thus close at any time, which indicates that for interested investors the best time to buy is now.
Grab your Sealana tokens here! For every 1 SOL, you snag 6,900 SEAL tokens in an airdrop when the ICO wraps up.
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