Based

Rally

bullish

Siphon

<p>With a market cap of $2.894 billion, BONK is the 5th biggest meme currency in the crypto market. Currently, the BONK price is trading at $0.00003861, with a 19% surge in the past 24 hours.&nbsp;</p>   
<p>BONK prepares for a massive rally upside as the bull run in meme coins continues. Following the 76% surge in the last 7 days, will the bull run in BONK result in an extended rally? Let's find out in this BONK price analysis that it is filled with key technical insights and trend analysis.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-bonk-price-analysis">BONK Price Analysis</h2>   
<p>In the daily chart, the BONK price action reveals a triangle breakout rally gaining momentum. The breakout rally challenges the 100% Fibonacci level as it faces higher price rejection from $0.00004109.&nbsp;</p>   
<p>With an intraday gain of 2.29%, it marks the 6th consecutive bullish candle in the making.&nbsp;</p>   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/14151740/image-232-1024x509.png" alt="" class="wp-image-379758">
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<p><a href="https://www.tradingview.com/x/DBntqFE3/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>The bull cycle accounts for a price surge of 75% in the last 5-6 days. Furthermore, in tracing back to the ongoing bull cycle's inception, it started with the morning star pattern near the support trend line.&nbsp;</p>   
<p>Since then, the meme coin has increased by 124% in 10 days from the bottom of $0.00001580. As the uptrend challenges a crucial psychological mark of $0.000040 in attempts for a new 52-week high, the upside chances are significantly increasing.&nbsp;</p>   
<p>Amid the surge in buying pressure, the 50-day and 200-day SMA lines are on the verge of a bullish crossover. The MACD and signal lines have gained a massive bullish gap due to the surge of positive histograms. Hence, the technical indicators maintain a buy position for BONK.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-bonk-s-attempt-to-siphon-meme-coin-rally-momentum">BONK’s Attempt To Siphon Meme Coin Rally Momentum</h2>   
<p>As the BONK price continues to surge, a <a href="https://x.com/lookonchain/status/1856952728586792977" target="_blank" rel="noreferrer noopener">whale</a> has recently taken entry in this meme coin. The whale spent 12,400 SOL tokens worth $2.7M to buy WIF tokens and BONK tokens. The whale spent 7,200 SOL tokens worth $1.57M to buy 406k WIF tokens and 5,200 SOL tokens worth $1.13M to buy 29.32 billion BONK tokens at $0.0000387.&nbsp;</p>   
<p>As the confidence of whales continues to grow in the meme coin, speculations are increasing at an unprecedented rate.</p>   
<h2 class="wp-block-heading" id="h-will-bonk-price-hit-0-000050">Will BONK Price Hit $0.000050?</h2>   
<p>Based on the Fibonacci retracement tool, a breakout rally above $0.00004109 will likely witness a bullish extension. The meme coin's upside targets are at 1.272 and 1.618 Fibonacci levels.&nbsp;</p>   
<p>These levels are priced at $0.00005329 and $0.00007416. Hence, with an upside potential of more than 90%, the meme coin shows massive room for growth.&nbsp;</p>   
<p>On the flip side, a potential retest of the 78.60% Fibonacci level at $0.0000349 is possible due to the massive supply led by profit booking.&nbsp;</p>   
<p>As meme coin rally picks up pace, are you curious how high BONK will go in 2024? Check out Coinpedia’s <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/" target="_blank" rel="noreferrer noopener">BONK price prediction</a> to find price targets above $0..0000.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731577673344">
  <strong class="schema-faq-question">What are the upside targets for BONK if the breakout continues?</strong> 
  <p class="schema-faq-answer">Based on Fibonacci levels, the upside targets for BONK are $0.00005329 (1.272 level) and $0.00007416 (1.618 level).</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731577677167">
  <strong class="schema-faq-question">What technical patterns indicate a bullish rally for BONK?</strong> 
  <p class="schema-faq-answer">BONK's bullish rally is supported by a triangle breakout, a potential golden crossover between the 50-day and 200-day SMA, and strong momentum from MACD indicators.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731577678085">
  <strong class="schema-faq-question">What could lead to a potential price correction for BONK?</strong> 
  <p class="schema-faq-answer">A retest of the 78.60% Fibonacci level at $0.0000349 is possible due to profit booking and supply pressures.</p> 
 </div> 
</div>

BONK Price Analysis: Bulls Target 90% Rally with Fresh Whale Entry

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