Over the past 24 hours, the BONK cryptocurrency has shown significant growth, increasing by 31% according to CoinMarketCap. The current value of this meme coin is $0.00000814. This price surge has significantly improved BONK's monthly performance, achieving a 979% increase. Since its debut in the cryptocurrency market, BONK's value has risen by more than 7300%.
However, despite the price increase over the last day, BONK has faced a 34% reduction in 24-hour trading volume, reaching $104.983 million according to CoinMarketCap. In the last day, BONK reached a peak of $0.000008465 before dropping to its current level. Its price remains closer to its 24-hour high than to its low of $0.000006155.
From a technical perspective, BONK has overcome several key resistance levels, the last of which was $0.0000046040, passed on Saturday. Since then, the altcoin has shown positive dynamics, rising from a low of $0.0000045390 to a high of $0.0000086481.
Technical indicators such as MACD and RSI on BONK's daily chart suggest a potential continuation of growth in the short term. BONK's rise resembles the strong price movements observed in Dogecoin and Pepe at the beginning of their existence, indicating its potential to become a significant player among meme coins and in the cryptocurrency space as a whole.
Comparatively, DOGE's price has risen by more than 18,200% since its listing, while PEPE's shares have increased by more than 2700% from their initial price of $0.00000006036.
