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- 1 Bonk price has broken through moving averages and is showcasing bullishness on the daily technical chart.
- 2 Solana-based meme coin Bonk’s (BONK) recently broke the key moving averages and turned bullish.
- 3 Rumors are rife that BONK could be listed on Revolut’s trading platform.
Bonk, a meme coin on the Solana blockchain, could soon get a boost from Revolut, a leading European fintech company. Revolut plans to list Bonk on its trading platform and run a ‘Learn’ program that will reward its users for learning about the cryptocurrency.
The ‘Learn’ program is not yet confirmed, as it needs the approval of BonkDAO. So far, seven out of 12 Bonk voters have agreed to the program, and only one more vote is needed to pass it. None of the voters have opposed it. The remaining five voters have four days to make their decision.
If the program is approved, it will run in two phases. The first phase will launch Bonk on Revolut and aim for ‘organic growth’ for the first one or two months. The second phase will start the ‘Learn’ program.
If this listing is confirmed, BONK price might mark a new high in the upcoming days. However, since the news, the price already surged around 7%.
Technical Overview: BONK Chart
BONK crypto experienced an increase of 34.31% over the week. The one-month return is 2.96%. Looking back over three months, BONK gained around 451.73%, as the incline extends to around 5114.79% over the last six months. Furthermore, the crypto’s performance throughout the year has been outstanding.
BONK price gained 451.73% over the past three months. At the time of writing, BONK crypto had been trying to hold on to this level after a pullback. If it can sustain at this level, the BONK price could continue to go up and reach the new targets.
At press time, the BONK crypto price was $0.0000139786, with an intraday loss of 2.41%, highlighting bearishness on the chart. Moreover, the trading volume is 193.10 Million. The market cap is $886.78 Million.
The current value of RSI is 59.96 points. The 14 SMA is above the median line at 48.85 points which indicates that the BONK crypto is bullish.
The MACD line at 0.0000003460 and the signal line at 0.0000001160 are above the zero line. A bullish crossover is observed in the MACD indicator which signals more bullishness for the BONK crypto price.
Summary
BONK technical oscillators and indicators support the bullish trend. The MACD, RSI, and EMAs are giving positive indications and suggest that the positive trend may continue in the BONK crypto.
Technical Levels
Support Levels: $0.0000103859 and $0.0000074776
Resistance Levels: $0.0000179455 and $0.0000350672
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
