BONK’s Booms Up by 60% Previous Week – What Will the Subsequent 7 Times Carry?

• Be part of the BONK buzz practice, the most interesting meme coin with significant gains this week!
• Bullish vibes are having more than the meme coin universe!

Completely ready for some thrilling news? The Solana [SOL]-based meme coin Bonk [BONK] has skyrocketed by more than 60% in just 7 days!

Guess what? It can be now proudly keeping the crown for the meme asset with the most gains, all many thanks to the hottest stats from CoinMarketCap.

For the duration of this bonkers time, the each day buying and selling volume for BONK has been sky high. In accordance to Santiment, it surged to a whopping $697.3 million on April 24th, marking an 87% rise from the working day just before. 

Resource: Santiment

Stepping into Bull Territory

The current market vibe did a comprehensive 180 final 7 days from bearish to bullish, and what a trip it is really been! The initial indication of this shift was the noteworthy transformation in BONK’s Weighted Sentiment.

Examining information from Santiment, the sentiment meter for BONK flipped from gloomy to cheerful on April 23rd, waving goodbye to bearish feelings.

Inspecting the meme coin’s price chart, we saw pivotal indicators affirming the return of BONK bulls. Consider, for occasion, on April 21st, when the coin’s MACD line (the blue one particular) crossed above the signal line.

This cross-more than is generally noticed as a bullish signal, hinting at a positive change in current market momentum and a possible rate rally in advance.

Market watchers perspective this crossover as a inexperienced light-weight for getting or getting into a bullish place.

Nevertheless, inspite of the bullish MACD crossover, BONK’s indicator remained less than the zero line at the time of reporting, highlighting lingering bearish aspects without the need of enough energy for a downturn.

Is BONK on the Increase?

Affirming the surge of good sentiments, the dots representing BONK’s Parabolic SAR indicator cozily rested beneath its price as of the most up-to-date updates.

For all those new to it, the Parabolic SAR is a craze-recognizing software. When its dots sprawl beneath an asset’s cost, it alerts an upward trend in the sector.

Just set, this indicates that the asset’s value is on the increase and predicted to maintain climbing.

Dreaming massive? Here’s BONK’s sector cap in BTC terms

Curious about the altcoin’s need? Very well, its main momentum indicators ended up cruising above their centerlines as of now. The Relative Power Index checked in at 56.04, while the Revenue Move Index (MFI) flagged at 68.64.

Source: BONK/USDT on TradingView

With these stats, it’s apparent that the crowd is additional inclined toward hoarding BONK, relatively than providing off their stash.