A TWIST IN BONK PRICE FORECAST: 55% RALLY BY JULY END

The BONK price prediction indicates the possibility of a 55% rally during an ongoing market recovery with ascending wedge pattern resistance levels. Strong Bitcoin demand and manageable liquidity are being cited by Ki Young Ju as he dismisses Mt. Gox FUD.

Buyers at a $0.000027 neckline result of a double bottom breakout now have adequate support for their next move upwards. It would be expected that a bullish crossover between the twenty and one-hundred-day EMA could propel bullish momentum within the market. Intraday trading volume in Bonk amounts to $565.4 Million which is almost 87.2% higher than the previous value.

The daily chart shows the BONK price forecast for a four-day rally amid recovery in today’s market situation. Meme coin jumped from its low of $0.000022 to trade at $0.000028 which corresponds to a capitalization of $1.94 Billion. The recent bull trend broke above monthly resistance at $0.000027 and formed a bullish reversal pattern; consider going long now.

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GOX OFFLOAD AN EXAGGERATION THAT DOES NOT STAND UP TO SCRUTINY ACCORDING TO BONK PRICE PREDICTION

On account of the recent market correction, BONK’s price increased from the local bottom around the $0.00018 mark. The horizontal floor aligns well with the support trendline for rising wedge patterns, forming a robust accumulation area for early-position buyers post-breakout.

From 2023 till today, the amount of Bitcoin sold summed up to $224 billion but its price increased by 350%. If Mt. Gox sold $3 billion of Bitcoin on Kraken, it would only add 1% to the realized cap. It is easy to manage such low levels.

The BONK price could rise by 55% in an upward wedge but faces strong resistance during the market recovery. As long as those converging trend lines hold, this Solana-based meme coin may maintain a consolidation phase.

If the overhead trendline continues, we might see the BONK price enter another fresh correction.

Technical Indicator:

• Exponential Moving Average: Coin price resuming above its daily Exponential Moving Average (20, 50, 100 and 200) signifies that the path of least resistance is up.
• RSI: The daily Relative Strength Index slope back above sixty percent represents a meme coin transitioning into a high momentum rally.