BONK coin surges 13% in 24 hours: Will positive sentiment persist?

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BONK coin surges 13% in 24 hours: Will positive sentiment persist?
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Bonk has surged by 13.65% in 24 hours. Fundamentals suggest that the weekly decline was a pullback before another uptrend.

was not left behind. After a strong decline over the past week, BONK has made a massive recovery over the last 24 hours.

Its trading volume experienced an exponential surge, rising by 106.96% to $253.14 million. Also, the memecoin’s market cap has surged by 12.14% to $1.64 billion, according toSource: Market Prophit The crowd sentiment was positive at 0.0577 while the Buzz score was at 1.006. Such positivity implies increased investor favorability for the memecoin.This demand is indicated by a rising Relative Strength Index . At press time, BONK’s RSI was 59 after rising from 35.6 in 48 hours. Such a surge shows increased buying activity as new buyers enter the market.

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