The Bonk cryptocurrency price has risen by 4% in the last 24 hours but continues to show a decline on the weekly chart. Meanwhile, the cryptocurrency has entered a consolidation phase, which may indicate potential changes soon.
Bonk Price Consolidation
Recently, the price of Bonk has stabilized between $0.00003459 and $0.00003751. The price touched the upper boundary today but failed to close above it. If upward pressure persists in the coming hours, the price may break through $0.00003751, potentially rising to $0.00004065. Alternatively, a correction could push the price down to the support level at $0.00003447 or lower to $0.00003133.
Technical Analysis: Buyers Gain Control
Technical indicators suggest that buyers are gaining traction. The Relative Strength Index (RSI) has climbed above 50, indicating increasing interest from buyers. The MACD line also shows signs of growth, suggesting a short-term bullish trend.
Wall Street Pepe Prospects
Wall Street Pepe is a new project attracting attention for its mission to empower retail traders against market whales. WEPE has raised over $27.5 million through its ICO, reflecting strong investor confidence in the project.
Amid the current consolidation of Bonk cryptocurrency, the prospects of Wall Street Pepe also draw market attention. It seems the meme cryptocurrency market is gearing up for future shifts that could impact investor behavior.
