The post <a href="https://coinpedia.org/price-analysis/bonk-price-hits-its-a-new-ath-is-bonk-a-good-investment-for-2024/">BONK Price Hits New ATH! Is BONK A Good Investment For 2024?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The BONK token has displayed massive price action, adding a massive 1,922% to its portfolio since the start of November. Further, the price has added over 30% in value within the past day, making it the top gainer of the day in the crypto industry. 
The BONK price traded in a narrow space between $0.000006180 and $0.000008727 for over a month, following which the market gained momentum and the price surged. The price recorded a jump of approximately 295% in value in over one week, before facing rejection at $0.0000034517. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/EnP8qOUN85GDpO1WHK9FdIqBNCp9rNNMP_y2lKJEwQtbYHHOlPta0ii_nErlUsPLntLY02XmpG5YvRTi6H0VH5-p__jBmcZS-zmbk9QbotqUzc43fvXJa9uPxEWAyBMnnKHT7SombPhESuw1lncpjF8" alt="BONK Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BONK/USDT
 </figcaption>
</figure> 
The price traded sideways for over two weeks, after which the market regained momentum and broke out but the rally was short-lived as the price faced rejection at $0.000005011. 
The BONK token then traded in a consolidated range between $0.0000034517 and $0.0000050118 for the rest of November. December started positively as the token has been on a constant rise since the month started. The BONK price has gained over 150% in value this month. 
The Relative Strength Index (RSI) constantly trades close to its overbought range since the month started, indicating a strong bullish influence in the market. Further, the averages show a bullish convergence, suggesting the price will continue gaining value in the coming days. 
<h2 class="wp-block-heading" id="h-will-bonk-price-hit-0-000014-soon">Will BONK Price Hit $0.000014 Soon?</h2> 
If the bulls hold the price above the support level of $0.0000109, the BONE price will continue to gain momentum and prepare to test its resistance level of $0.00001253 soon. 
Further, if the market holds the price at that level, it will attempt to test its upper resistance level of $0.00001401 in the coming week. 
Conversely, if the bears overpowered the bulls, the price would lose momentum and prepare to test its support level of $0.000008386 soon. Moreover, if the bears continue to dominate the market, it will plunge further and test its lower support level of $0.00000501 by the month-end.

BONK Price Hits New ATH! Is BONK A Good Investment For 2024?

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