Bonk (BONK) has seen its price explode by nearly 75% in the past week as trading volumes started to surge on April 20.
Data from CoinMarketCap indicates that $502 million worth of BONK exchanged hands yesterday, resulting in a 672% increase compared to April 20 and a 5x jump in the past 7 days.
During this same period, the token’s market cap expanded from $966 million to $1.63 billion as of yesterday and solidified Bonk’s stance as the second most valuable meme coin in the Solana ecosystem.
With trading volumes surging, traders are now speculating just how high Bonk could fly.
If volumes have jumped 5x in a week, could this meme coin see its price multiply by the same amount?
BONK Could at Least Double Its Price If This Happens
In the past 24 hours, BONK has experienced a 4.5% retreat and currently sits at $0.00001983. Meanwhile, trading volumes have also dropped to $350 million but are still quite high as they currently account for nearly a fifth of the token’s circulating supply.
Looking at the charts, BONK found strong support for a fourth time at the $0.0000900 level. The price bounced off this level with strong volumes and managed to break three key resistances along the way.
Meanwhile, the token also surged above its 21-day exponential moving average (EMA) and this key trend line seems to be on a collision course with the 200-day EMA – a key indicator of an asset’s long-term trend.
If the 21-day EMA crosses above the 200-day EMA, this would trigger a buy signal. The last time this happened was in November last year after Donald Trump won the Presidential election. Back then, the price doubled in just a few days.
Momentum indicators are extremely bullish at this point as the Relative Strength Index (RSI) has surged to its highest levels since November while the oscillator has just entered overbought levels.
Meanwhile, the MACD’s histogram just posted a light green bar. This is typically a small pullback that gives late buyers a chance to take action as sellers take some profits off the table.
As the broader crypto market regains momentum, secure storage is becoming increasingly important.
Best Wallet (BEST) is quietly positioning itself as a go-to Web3 solution, with its presale already ranking among the most successful of 2025.
Best Wallet (BEST) is Close to Wrapping Up its Presale as It Nears $12 Million Raised
Best Wallet (BEST) aims to challenge the dominance of well-established crypto wallets like MetaMask and Phantom by introducing innovative features to help investors identify new opportunities in the crypto market.
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The $BEST token could deliver sizable gains as users increasingly embrace the wallet. Moreover, the developing team plans to launch a decentralized exchange (DEX) that will offer low trading fees for those who use the token to settle their trades.
To buy $BEST before the presale ends, head to the Best Wallet website now and connect your wallet. You can also download the app and store and complete your purchase there.
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The post Could Bonk 5x From Here? $500 Million Volume Surge Triggers Wild New Price Prediction appeared first on Cryptonews.
