BONK's price has shown a significant increase of 24% according to its weekly chart, which suggests a strengthening short-term bullish trend. This surge has driven the memecoin above the 20-day SMA, a development that indicates potential further growth.
Currently, BONK is heading towards a critical resistance point located at the upper Bollinger Band. If BONK manages to break through this level, analysts forecast a considerable upward price movement, hinting at a positive outlook for the cryptocurrency.
Source: www.thecoinrepublic.com ↗