Bittime - Bonk (BONK) price experienced a significant increase in the market, indicating a potential return of investor confidence.
This article will discuss in depth the spike in Bonk (BONK) prices complete with some analysis. Let's take a look!
Current Performance of Bonk (BONK).
BONK's value is currently consistent at $0.00003102, reflecting an increase of 19.75% in the last 24 hours and 34.25% in the last 7 days.
This increase was accompanied by a significant increase in market capitalization and 24-hour trading volume, respectively by 19.73% and 94.11%.
Support for the token at the $0.0000213 level is strong, with the next resistance at $0.00003200. A decline below this support level has the potential to open opportunities for further price correction.
However, the possibility of this happening is relatively small. Analysts believe that the current price correction is only temporary and BONK has the potential to rise again in the future.
Check Today's Crypto Market:
BONK Market Sentiment
This moment of recovery is driving BONK's bullish strength in the coming months. Short-term price fluctuations are likely to vary.
The overall market sentiment is still unstable even though Bitcoin is showing an upward trend after exiting the consolidation phase. BONK, currently, is still one of the recommended tokens to have in a portfolio.
Level Support Bonk (BONK)
The support price at $0.0000213 is the 50% Fib retracement level. Price movements based on horizontal lines can limit fluctuations within a specified range. The lines have been drawn at $0.00003 and $0.0000213.
Bonk Price Fluctuations: Short Term
Short-term price fluctuations are not always a cause for concern. In fact, there are interesting opportunities for buyers and sellers. Most likely, new interests will arise between them.
Initially, market players were still hesitant, so trading activity was not too busy. They prefer to wait for the right moment to reduce their holdings.
BONK is still one of the leading altcoins to be reckoned with. Even though it fluctuates, BONK still shows high competitiveness.
Check Price:
Bullish Market Drives BONK
Market sentiment
- Bullish: The Fear & Greed Index shows a Greed value of 76, indicating a very optimistic market.
- Volatility: Moderate, around 7.29%.
- Momentum: Strong, with 14-day RSI at 66.18.
Prediction
- Short term (5 days): Bullish.
- Medium term (30 days): Bullish.
BONK price
- Current price: $0.00004099.
- Potential resistance level: $0.000102.
- Supporting factors: Market optimism, integration with the Solana ecosystem.
Dear Beli Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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