Bonk Price Prediction, BONK Coinbase-Powered Rally to Dazzle Markets

Bonk, Solana memecoin, surges 52% post Coinbase support.

• According to Coingabbar Price Analysis, Coinbase's potential listing caused a Solana-based memecoin to surge over 52%, reaching a new ATH of $0.00001500 in early trading today.

• BONK traded within a range of $0.00000866 to $0.00000175 before gaining momentum and breaking out. However, the rally was brief, encountering resistance at $0.000003500.

• BONK then consolidated in the range of $0.00000175 to $0.000003500 for a week.

• Bulls later surged, marking a 40% gain, and the price stabilized between $0.000003500 and $0.000005160 for over two weeks.

• BONK's price saw significant action in early December, surging over 310% in the first week and hitting a new ATH of $0.000015000.

• Following the breakout from the descending channel, BONK's price witnessed an upward rally.

• Additionally, the asset has marked a positive milestone with six consecutive daily green candles, achieving yearly highs for the first time.

• Subsequently, bullish momentum waned, leading to a short-selling scenario, testing BONK's support at $0.000009234.

• If bulls sustain above $0.000013000, momentum will return, aiming to test $0.000016000. Holding at this level may lead to an attempt to reach $0.000018000 by month-end.

• Conversely, a trend reversal could lead BONK to lose momentum and enter a strong bearish phase, testing the lower support at $0.00001150. If bears persist, a further plunge may occur, testing the crucial support of $0.000009200 in the coming days.

KEY LEVELS :

RESISTANCE LEVEL : $0.000016000-$0.000017000

SUPPORT LEVEL : $0.000014500-$0.000013600

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.