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The post <a href="https://coinpedia.org/price-analysis/bonk-price-above-50-teases-a-bull-run-stretching-to-100/">BONK Price Above $50 Teases A Bull Run Stretching to $100</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the Solana blockchain creating a huge buzz in the market, the Solana-based meme coin, BONK, is capitalizing on this opportunity. As the <a href="https://markets.coinpedia.org/bonk1/" target="_blank" rel="noreferrer noopener">BONK price</a> skyrockets overnight, the uptrend in action prepares a breakout rally ready to scale a new all-time high peak.&nbsp; 
Moreover, the meme coin sector shows strong promise of a bounce back this week as the exhausted buyers are getting more confidence. Further, being one of the top meme coins, BONK could surpass the $0.000050 mark shortly. Find out more in our multi-year <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">BONK Price Prediction</a>.&nbsp; 
<h2 class="wp-block-heading" id="h-double-bottom-fuels-this-meme-coin-s-rally">Double Bottom Fuels This Meme Coin’s Rally</h2> 
With the ongoing bull run taking a short pause in the daily chart, the BONK price prepares a strong pattern for a bounce back. Further, with the recent jump starting from the overnight hike, the meme coin is preparing an extension of the uptrend. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/03/14134634/image-117-1024x509.png" alt="" class="wp-image-278419" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/14134634/image-117-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/14134634/image-117-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/14134634/image-117-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/14134634/image-117-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/14134634/image-117-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/14134634/image-117.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source – <a href="https://www.tradingview.com/x/C0xosIj0/">Tradingview</a> 
The BONK price action shows a double bottom pattern forming in the daily chart with a neckline at $0.000037. Further, the meme coin shows a quick surge of 20% from last night, reflecting a boom in underlying demand.&nbsp; 
Currently, the BONK price trades at $0.000034 with an intraday gain of 7.96%. With the recent comeback, the meme coin is preparing a double-bottom breakout rally to surpass the overhead resistance at $0.000046. 
Technical indicators:&nbsp; 
MACD: Despite the recent consolidation, the buyers find a last resort with this double bottom reversal to avoid a negative crossover in the MACD and signal lines. Thus, the average lines are preparing to surge back and reflect a rise in underlying demand.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/solana-sol-price-achieves-165-eyes-200-this-month/">Solana (SOL) Price Achieves $165! Eyes $200 This Month?</a> 
<h2 class="wp-block-heading" id="h-will-bonk-price-break-0-000050">Will BONK Price Break $0.000050?</h2> 
Buyers are preparing for the next surge with the BONK price action showcasing a strong presence of demand at critical levels. Further, the bullish pattern breakout is aiming for a jump to cross $0.000050.&nbsp;&nbsp; 
As per the trend-based Fibonacci levels, the neckline breakout can result in a rally to the $0.000046 mark. Thus, the chances of a price jump to $0.000050 are also increasing significantly.&nbsp;

BONK Price Above $50 Teases A Bull Run Stretching to $100

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