Dog coin from Solana Early on Tuesday, trading saw a notable price surge for Bonk (BONK). More often than not, its inclusion on KuCoin, a significant cryptocurrency exchange, might be the catalyst for the increase.
As of this writing, BONK was trading at $0.000004132, up 13.22% over the previous day. Since late October, BONK has been rising steadily; the rally picked up speed as a golden cross appeared on the daily chart.
On November 20, BONK reached its highest point ever, $0.00000575, before profit-taking began. On November 22, BONK had a significant price surge; nevertheless, bulls were only able to reach highs of $0.0000051.
The run that began today reached highs of $0.0000041; the pattern of lower highs and higher lows seems to be forming a bullish pennant.
This kind of continuation pattern develops when a flagpole, or significant movement, is followed by a consolidation phase during which trend lines converge. The second half of the flagpole is represented by a breakout movement that happens in the same direction as the first major movement.
In the event that this holds true, BONK may test $0.00000575, its all-time high, and enter hitherto undiscovered ground.
KuCoin lists BONK
The sixth-biggest cryptocurrency exchange, KuCoin, has declared that BONK is now listed on its platform via the BONK/USDT trading pair. On the platform, BONK trading is now active.
KuCoin started a campaign to provide qualifying users with a $58,000 BONK prize pool in celebration of the listing. The campaign is divided into four events and runs from November 28 to December 9, 2023, at 10:00 a.m. UTC.
Users may start by making deposits and trading to take advantage of the $30,000 BONK prize pool, which expires on December 5. New users will have the chance to win a portion of a $14,000 BONK reward during this time.
Users can trade to win a piece of $20,000 in BONK through different activities, or they can utilise a BONK trading bot to split 8,000 USDT in BONK.