Rally

Solana

Bitcoin

Bonk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/uncertainty-lingers-in-bonk-as-crypto-market-sees-uptick/" data-wpel-link="internal">Uncertainty Lingers in BONK as Crypto Market Sees Uptick</a><br></p>
<p style="text-align: justify"><strong>Crypto currency</strong> market surged again on Friday, with Bitcoin’s price climbing above $41,000. Later, altcoins recovered, and some tokens like Bonk saw double-digit increases to $0.00001187.</p> 
<h2 id="uncertainty-continues-in-bonk">Uncertainty Continues in BONK</h2> 
<p style="text-align: justify">After dropping from its 2023 peak of $0.000035, Bonk’s price began to rise again. However, after reclaiming the support zone in the four-hour chart earlier this month, investors are expecting a bigger recovery. The initial recovery falling below $0.000018 on January 8 disappointed investors. The uncertain outlook of the crypto market since the end of December, along with the profits from the rise to $0.000035 in the 4th quarter supported by BONK’s listing on major exchanges <strong><a href="https://en.coin-turk.com/why-are-bitcoin-and-altcoins-down-binance-ceo-changpeng-zhao-may-be-behind-the-down/" data-wpel-link="internal">Binance</a></strong> and Coinbase, also contributed to the sell-offs.</p> 
<p style="text-align: justify">Before easing the ongoing recovery, Bonk’s price fell again this week to test the same support band around $0.00001. Bulls may need to double their efforts to maintain the uptrend by avoiding selling at the first sign of profit. The <strong>meme token</strong> built on the Solana blockchain stands above two key levels: the 20 Exponential Moving Average (EMA) at $0.000011199 and the 50 EMA at $0.0000115.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-307923 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/bonk-1.webp" alt="" width="2048" height="1099"></p> 
<h2 id="explosive-rally-in-bonk">Explosive Rally in BONK</h2> 
<p style="text-align: justify">Several four-hour candle closes above the moving average could further solidify the uptrend for the next climb above the 200 EMA at $0.00001266. The Relative Strength Index (RSI) could indicate a potential rise by showing the price will break above the resistance band near $0.000015.</p> 
<p style="text-align: justify">This supports the idea of an upward trend. The overall market being shaky means caution is still important. Although <strong>Bonk’s</strong> future is uncertain, last year’s explosive rally is noteworthy. With the Bitcoin halving approaching, many investors have a potential bull run in mind. If this happens, Bonk could indeed rise along with other altcoins and even target a high level of $1.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/uncertainty-lingers-in-bonk-as-crypto-market-sees-uptick/" data-wpel-link="internal">Uncertainty Lingers in BONK as Crypto Market Sees Uptick</a></h5>

Uncertainty Lingers in BONK as Crypto Market Sees Uptick

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