CandleFocus BONK Breaks $0.00002324 Resistance; Is $0.00003391 Next?
2024-10-01
Author: Content Editor
The Solana-based meme coin BONK has seen a significant price surge, surpassing the $0.00002324 resistance level and raising speculation about reaching the next resistance point at $0.00003391. The altcoin's price rally started on September 23 and has continued with minimal bearish movement. BONK is currently the top gainer in the cryptocurrency market, with an 8.60% increase in the last 24 hours. Its market cap has also grown to $1.817 billion, ranking it as the 50th largest crypto. The trading volume for BONK has surged by 38.52%, supporting the bullish sentiment. While the broader cryptocurrency market has experienced a slight decline, BONK continues to rise. Technical indicators suggest further upward momentum for BONK, with the DMI and ADX confirming a strong trend. On-chain data also shows an increase in long positions, indicating confidence in BONK's future price appreciation. The token may challenge the $0.00002851 resistance level and potentially reach $0.00003049. However, traders should remain cautious to avoid overbought conditions that may lead to a market correction.
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