Bonk (BONK) is among the winners of the day: It is on the rise!

Popular memecoin Bonk (BONK) attracted attention by increasing nearly 30 percent in the last 24 hours.

The cryptocurrency market became active with Bitcoin (BTC) rising on February 7. Many altcoins took advantage of the rise in BTC and took off. BTC hosted a 12 percent rise between February 7 and February 9.

Bonk (BONK) wind blew in the week when the rises came one after the other. Popular memecoin BONK was among the most rising cryptocurrencies of the day, with a 30 percent increase in the last 24 hours. Can BONK continue its rise?

## Expectations have increased for Bonk (BONK): Will the rise continue?

The rise of the cryptocurrency market has been a lifeline for many altcoins. It was noteworthy that the average 10 percent rise of Bitcoin (BTC) was accompanied by the popular memecoin Bonk (BONK). BONK became one of the winners of the day with a 28 percent increase.

BONK has fallen sharply since spot Bitcoin ETFs began trading on January 11. This decline of BONK continued until February 7. BTC became a lifeline for BONK, which created anxiety after its 44 percent drop between February 11 and February 7.

BONK took advantage of the BTC-driven positive market conditions and broke out on February 7. The popular memecoin is up 38 percent since February 7. BONK's rise was 28 percent in the last 24 hours.

BONK, the popular cryptocurrency that has been on the rise, has reached resistance at $0.0000125 the other day. touched the point. BONK, which managed to break this region even though it had difficulty, rose to $ 0.0000131. BONK may continue its bullish scenario if it sustains above $0.0000125. BONK may touch the $0.00001402 resistance if it clears $0.0000125. Breaking this resistance point may move the BONK price to the major resistance point at $0.000015. Although the $0.000015 resistance seems quite difficult, if it is broken, it may start the uptrend for BONK. Other resistance points for BONK will be $0.00001602 and $0.00001807.

If BONK declines, it may touch the support point at $0.0000125. While it is expected to gather strength from this region, losing the support point may exacerbate the decline. BONK could drop sharply to $0.0000114 if it loses the $0.0000125 support.