Bonk Rallies 30% In 1 Week: Should Dogecoin, Shiba Inu Be Afraid?

Bonk (CRYPTO: BONK) is up 30% over the past week, with multiple ETF filings and its low unit price stoking bullish sentiment among market observers.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
Bonk (CRYPTO: BONK) $0.00002874  $2.3 billion +29.4% 
Dogecoin (CRYPTO: DOGE) $0.1921  $28.8 billion +13.2% 
Shiba Inu (CRYPTO: SHIB) $0.00001306  $7.7 billion +10.9% 

Trader Notes: Crypto trader Degengambleeh described BONK as having graduated from meme coin status into a cultural movement.

Rather than chasing hype, BONK is now expected to be a key driver of market momentum.

Osemka says BONK’s recent price action was impulsive, an indication of strong bullish momentum.

He expects the breakout zone between $0.000024 and $0.000026 to be retested soon.

Given the heavy interaction with this range over the last year, he …

Full story available on Benzinga.com