CandleFocus BONK May Extend Uptrend If It Tests This Resistance
2024-11-06
Author: Content Editor
The victory of Donald Trump in the U.S. elections has caused a positive impact on the overall cryptocurrency market. Bitcoin, the largest cryptocurrency, has surged over 10% to reach a new all-time high of $75K. Other assets in the market have also seen their prices rise to new highs. Meme coins, in particular, have experienced significant gains, with the Solana-based meme coin BONK increasing by 17% in the last 24 hours. However, BONK has seen some price fluctuations, falling from $0.00002170 to $0.00001723. Analysts suggest that for BONK to continue upward, it needs to break above $0.0000262, with a target of $0.0000899 for wave 3. The current market sentiment for BONK is in the overbought zone, and various indicators hint at positive momentum and increased trading volume for the meme coin.
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