The price of the cryptocurrency BONK has risen by 16% over the last 24 hours, reaching $0.00002112. This movement is testing the crucial resistance level at $0.00002222.
Price Movement of BONK
According to reports, BONK's price has seen a 16% increase bringing it to $0.00002112, while it securely remains above the support level of $0.00001784.
Technical Indicators Support Trend
The hourly RSI is currently reading 75.17, signaling strong upside momentum in the short term. The MACD is also showing increasing purchasing pressure with the MACD line above the signal line, supporting the ongoing uptrend.
Outlook and Trading Volume
The combination of technical indicators indicates sustained interest in breaking through the resistance level of $0.00002222. The increased trading volume reflects greater participation in the market, strengthening BONK's position.
Currently, the market is keenly observing whether BONK will maintain above the support level and successfully break the short-term resistance at $0.00002222.
