Is BONK About to Surge 30%?
The post Is BONK About to Surge 30%? appeared on BitcoinEthereumNews.com.
BONK, one of the more talked-about meme coins in the crypto space, has been stuck in a tight consolidation range for weeks, leaving traders wondering if a breakout is finally around the corner. As the broader altcoin market tries to recover from recent corrections, BONK’s daily chart hints at an emerging shift in momentum. With clear Fibonacci levels, a recovering RSI, and fresh buying pressure visible in recent candles, traders now have reasons to watch BONK price closely. In this analysis, we’ll break down the latest chart patterns, price levels, and calculations to see if BONK price is ready to make its next big move. BONK Price Prediction: Is BONK Gearing Up for a Breakout? BONK/USD Daily Chart- TradingView The daily BONK/USD chart shows a subtle but promising shift from a consolidation phase into what could become a new upward trend. Looking at the Heikin Ashi candles, we can see that BONK has been moving sideways for weeks after its decline in May. However, the recent green candles with longer bodies suggest buying pressure is slowly returning. What Does the Fibonacci Level Tell Us? The Fibonacci retracement levels plotted on this chart are significant. BONK price is currently hovering near the 0.382 retracement level at about $0.0000145. This level often acts as an inflection point — a decisive close above this could push BONK toward the next Fibonacci band near the 0.236 level around $0.0000175. This would be a ~20% upside from the current price. For example:Potential upside = (0.0000175 – 0.0000145) ÷ 0.0000145 ≈ 20.7% gain. Is RSI Supporting a Price Rebound? The RSI (14) is now at 47.54, moving close to the neutral 50 mark. This suggests BONK price is neither overbought nor oversold. A break above 50 would indicate growing bullish momentum. Notably, the RSI has climbed…
