Cryptocurrency BONK (BONK) continues its price surge, having increased by over 25% in the last 24 hours.
Current Market Status of BONK
BONK cryptocurrency recorded a 25.09% increase and is now trading at $0.00002254. The market capitalization reached $1.81 billion, while trading volume increased by 123.71%, totaling $1.32 billion.
Future of BONK: Projections and Key Levels
The price increase for BONK broke past the consolidation level that had constrained the token below $0.00001800. If the current trend holds, the next resistance is near $0.00002400. A successful close above this level could lead to further gains towards $0.00002650. If the price slips, short-term support will emerge around $0.00002000.
Technical Analysis and Market Indicators
Technical indicators show that the Relative Strength Index (RSI) surged to 74.63, indicating overbought conditions. The Chaikin Money Flow (CMF) also increased, confirming rising capital inflow. The chart displays expanding green candles above key moving averages, signaling a bullish trend. If this situation holds, further gains could materialize swiftly.
Despite the recent rally, BONK will face a critical test near the $0.00002400 mark, and market sentiment remains optimistic.
