The BONK Crypto experienced a bullish trend from February 2024, rising from the support level of $0.00001000 to a high of $0.00004751 by the first week of March 2024, closing at $0.00003800.
However, from the second week of March 2024, the BONK price plummeted and ended up in a downward wedge, violating the earlier uptrend.
Despite this, the BONK crypto has shown signs of recovery as the price rebounded from a significant support level of around $0.00001350 on the chart. The breakout of the falling wedge pattern suggests that BONK crypto may continue its upward trend and reach new peaks at its current price level.
The BONK asset appears to be continuing its spectacular rise and displaying bullish strength as it remains above the major 20-day and 50-day EMA bands. The MACD also indicates a strong bullish crossover, with a histogram at 0.00000138, the MACD line at 0.00000053, and the signal line at -0.00000085. Additionally, the RSI is moving higher, which indicates that the BONK crypto asset is not in the overbought zone yet and can maintain its upward direction.
Overall chart analysis shows that the BONK crypto asset exhibits bullish characteristics and may reach higher levels by continuing its ongoing breakout on the daily chart. It also displayed exemplary performance in the previous week, with a 75.42% increase, indicating strong upward momentum and the potential to retest the supply level at $0.00004000.
As of press time, the BONK crypto is trading at $0.00002720, with an intraday gain of 2.35%, a 24-hour trading volume of 652.97 million, and a market capitalization of 1.68 Billion. If the price continues to attract more buying interest, it could achieve higher targets at $0.00003000 and $0.00003500. However, if the price fails to sustain support at $0.00002400, price gains may decline and hit lower support levels.
BONK Crypto Exhibits Growth In Social Activity
Based on various social metrics such as Twitter (X) BONK news, Twitter (X) followers, and social volume (including active users of Telegram and Twitter), there is evidence of a positive trend in the social dominance of BONK. Additionally, there has been an increase in active users and Twitter chatter, which indicates a growing interest in BONK. These metrics suggest that BONK is gaining popularity.
BONK Crypto Price Vs. Volume Analysis
Moreover, the volume analysis shows that the BONK cryptocurrency has received $710.10 Million in volume, which is 41.17% more than the previous day. The price vs. Volume charts describe a surge in BONK volume and the price rise, suggesting continuing the ongoing trend.
Yfirlit
BONK Crypto saw a bullish trend from Feb 2024, reaching $0.00003800 in March. Despite a subsequent drop, it rebounded from $0.00001350 support. The breakout of a falling wedge pattern indicates a potential upward trend. BONK’s strong performance led to a 75.42% increase in the previous week. Currently priced at $0.00002720, it may hit $0.00003000 and $0.00003500 with increased buying interest. Social metrics and volume analysis show BONK’s growing popularity and positive trend.
Tæknileg stig
Stuðningur: $ 0.00002400
Viðnámstig: $ 0.00003000
Afneitun ábyrgðar
Í þessari grein eru skoðanir og skoðanir sem höfundur, eða annað fólk sem nefnt er nefnt, aðeins til upplýsinga, og þau staðfesta ekki fjárfestingu, fjárhagslega eða önnur ráð. Viðskiptum eða fjárfestingu í eignum í dulritunargjaldmiðlum fylgir hætta á fjárhagslegu tapi.
Andrew er blockchain verktaki sem þróaði áhuga sinn á dulritunargjaldmiðlum á meðan hann stundaði eftir útskrift aðalnám í blockchain þróun. Hann fylgist vel með smáatriðum og deilir ástríðu sinni fyrir ritun ásamt erfðaskrá. Bakendaþekking hans um blockchain hjálpar honum að gefa ritfærni sinni einstakt sjónarhorn og áreiðanlegt handverk við að útskýra hugtök eins og blockchain forritun, tungumál og token minting. Hann deilir líka oft tæknilegum upplýsingum og frammistöðuvísum um ICO og IDO.
Source: https://www.thecoinrepublic.com/2024/04/26/can-bonk-crypto-continue-advancing-upwards-reach-upper-level/