Bonk continues its bullish rally as \u2018Uptober\u2019 begins, sparking a bullish sentiment among investors after the recent fear of a major pullback. The memecoin sensation kickstarted its Q4 journey positively, reclaiming crucial levels, with investors and crypto analysts forecasting a green weekly close.<\/p>\n
Bonk has seen a remarkable performance throughout the past two weeks, jumping 60% since September 15. The memecoin<\/a> broke above the multi-month downtrend line after successfully reclaiming the $0.000022 resistance level last Friday, registering a 38% surge in the past week.<\/p>\n Additionally, the dog-themed sensation closed the month 48% above its opening price, revisiting levels before August\u2019s Black Monday. The token also saw a 13% increase from its Q3 opening, trading around $0.000025 as October started.<\/p>\n This bullish price action propelled BONK\u2019s price above $0.000026 momentarily before retracing<\/a> back the $0.000024 support level, which some considered an extremely bullish signal for the token\u2019s future price action.<\/p>\n According to crypto trader Astekz, BONK\u2019s monthly reclaim meant<\/a> that \u201cany consolidation\u201d above the breakout level is \u201cgiga bullish.\u201d Moreover, the token had a 13% increase in daily market activity in the past day, registering a daily trading volume of $795.3 million.<\/p>\n Crypto analyst Bluntz noted<\/a> that, alongside all the strong memecoins, BONK had a \u201cswift\u201d recovery from the weekly dip following a \u201cperfect abc pullback.\u201d This performance put the memecoin \u201cin prime position for a turbo green week,\u201d which he further predicted after its Monday performance.<\/p>\n To Bluntz, BONK is close to a breakout after spending three days of sideway moves. Additionally, the token reclaimed the 200-day Moving Average (DMA), which had been sitting above it for the past day.<\/p>\n The trader considered that the token\u2019s next parabolic run could be \u201csustained\u201d and target the $0.000035 resistance level soon. Other market watchers echoed this sentiment, highlighting BONK\u2019s strength throughout the recent dips.<\/p>\n Another analyst noted that the memecoin has moved<\/a> within a large symmetrical triangle since its March all-time high (ATH). The trader detailed that the token\u2019s price is moving closer to the pattern\u2019s resistance since forming a triple bottom at $0.000016.<\/p>\n A breakout from the multi-month pattern could send the token\u2019s price to a potential 70% rally toward the previous ATH of $0.000045. Additionally, some investors believe that the cryptocurrency could be positively affected by the market\u2019s general performance this \u201cUptober<\/a>.\u201d<\/p>\n Last October, the cryptocurrency started a massive rally that shredded two zeros from the token\u2019s price, closing Q3 2023 at $0.00014, a 6,900% surge. However, the BONK registered a price decline in the last few hours following Bitcoin\u2019s dip to $62,000.<\/p>\n As of this writing, the memecoin is trading at $0.00023, a 2.9% drop in the daily timeframe.<\/p>","protected":false},"excerpt":{"rendered":" Bonk continues its bullish rally as \u2018Uptober\u2019 begins, sparking a bullish sentiment among investors after the recent fear of a major pullback. The memecoin sensation kickstarted its Q4 journey positively, reclaiming crucial levels, with investors and crypto analysts forecasting a green weekly close. BONK Closes Q3 With 13% Surge Bonk has seen a remarkable performance […]<\/p>\n","protected":false},"author":0,"featured_media":10903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10902"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10902"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/10903"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Is A \u2018Turbo Green Week\u2019 In The Making?<\/h2>\n