The cryptocurrency BONK shows signs of a bullish trend, maintaining key support and recovering its market capitalization.
BONK Price and Support
Price action for BONK confirms a bullish trend, holding at key support near $0.000020000. The cryptocurrency recently tapped the 0.618 Fibonacci retracement level, indicating a support zone that combines Fibonacci level, daily structure, and Point of Control (POC).
Technical Indicators and Trading Volume
On the 4-hour chart, BONK's price fluctuated between $0.00002050 and $0.00002250. The MACD and RSI indicators hint at possible upward movement, but previous signals on August 4 and 13 did not lead to sustained increases. Trading volume remained steady without major spikes.
Market Cap and Market Fluctuations
BONK's market capitalization fluctuated between August 22 and 28, stabilizing around $1.60 billion. After a sharp drop, the market cap recovered to approximately $1.73 billion by the end of August, reflecting renewed investor activity.
The cryptocurrency BONK demonstrates signs of growth and recovery after recent fluctuations, indicating increased interest from investors.
