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BONK / WRAPPED ETHER on ARBITRUM (90AD8C...351048) in USDBONK / WRAPPED ETHER on ARBITRUM (90AD8C...351048) in USDBONK / WRAPPED ETHER on ARBITRUM (90AD8C...351048) in USD
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BONK / WRAPPED ETHER on ARBITRUM (90AD8C...351048) in USD

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Bonk Crypto Nearing Its Annual HighsBonk Crypto Nearing Its Annual Highs Echoing the ethos of memecoins like Shiba Inu and Dogecoin, BONK was launched in December, 2022. It is a dog themed coin on Solana. The core mission of its creators is to revitalize liquidity within the ecosystem of Solana's decentralized trading platforms. A significant portion, amounting to 50 trillion BONK coins, has been allocated to those actively involved in sustaining and enhancing the Solana ecosystem. Bonk has emerged as another cryptocurrency capturing investor interest. A market downturn a few months back had diminished its value, but a recent surge of over 53% in a week reflects a restored faith from investors. Bonk is on the way to reclaim its annual and All time high of $0.000047. At the time of writing, the crypto was up over 15% in Intraday and lies merely 17% below its record high. The aggressive bullish trend suggests that Bonk may continue to climb, potentially surpassing its previous record high.
COINBASE:BONKUSDLong
by Ritika_TCR
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demand of buyers increases in the BONKThe BONK price has shown a remarkable structure between bulls and bears on the daily chart. The Price was in bullish favor earlier, as it journeyed from $0.00001000, after a plenty consolidation and reached a peak of $0.00004750, where the candle gave closing at $0.00003800 by March 4th, 2024. Thereafter, by March 5th, 2024, the price ended up in a wedge and developed a lower low structure and developed support at $0.00001250 by April 13th, 2024, where the candle gave a closing at $0.00001380, which became new support. From this very new support of around $0.00001380 on the chart, the crypto has revealed a trait of resurgence, and the price spiked upwards on 20th April 2024, which represented a breakout in a bullish pattern known as a falling wedge pattern. It's evident on the chart that the falling wedge pattern breakout peaked at $0.00002950 By April 25th, 2024, it started consolidating in range and ended up in an ascending triangle pattern. This pattern works as a continuation pattern of the trend,as it gears up to crack the resistance level and rocket to new peaks from the current support zone. This could throw a new spike in the coming sessions for higher levels. The BONK asset is showing bullish signs and displays that it has the potential to grow further, its market capitalization is 1.48 Billion, and its 24-hour trading volume was 238.65 million. At press time, the BONK crypto is experiencing a surge of 0.70% in the last 24 hours, trading at $0.00002303. Therefore, if the demand of buyers increases in the BONK asset price, it could bounce back from the current level, and a breakout could be achieved. The next target for the price could be to reach $0.00002950, and $0.00003400. However, if the BONK crypto price fails to stay above the $0.00001950 level, it could decline further toward lower key support levels.
COINBASE:BONKUSDLong
by Sam_TCR
Bonk: The Crypto to Eye Amidst Improved Market Sentiments In the past week, both the 7-day and 24-hour active address counts have seen an increase, signaling a positive shift in sentiment. Investors in Bonk are preparing for a potential rebound to its April 25 peak value of $0.00002966. Over the last few sessions, the cryptocurrency market has seen a significant recovery, with Bitcoin climbing from a low close to $56,000 to its current price near $63,700. This uptrend has positively influenced different sectors, particularly the meme coin niche, with BONK experiencing a 9% increase. With the market mood on the upswing, investors are keeping a keen eye on the price trends and forecasts for these widely-followed meme digital currencies. Let's explore the insights and future outlook provided by cryptocurrency analysts and specialists. BONK: Weighted Sentiments Points To A Recovery? The positive shift in the broader cryptocurrency market's mood could bode well for BONK, as the increase in active addresses suggests that major players were positioning themselves in anticipation of the market's upturn, hinting at a possible uptick for the cryptocurrency in the future. Additionally, the charts have shown an uptick in weighted sentiment, lending more credibility to the prospect of a forthcoming recovery. Typically, the count of active addresses is a measure of the distinct users engaging in transactions over a specified timeframe. A greater volume of transactions denotes enhanced liquidity, making it more attractive to investors. Is Bonk Poised for Continued Upward Momentum? Since April 20, Bonk was in an uptrend, bouncing back from the 200-day Exponential Moving Average (EMA). Should this upward trend persist, Bonk might approach its April 25 high of $$0.00002946$$, marking 18% increase from its CMP. Currently, Bonk is trading at $$0.0000250$$. However, Bonk may encounter resistance near its May 5 peak of $$0.00002918$$. On the downside, support might be found at $$0.0000210$$, aligning with the 50-day EMA and a recent low point. The Relative Strength Index (RSI) was at 54.35, and the Simple Moving Average (SMA) was placed close to 57.2, both indicating a neutral position rather than an overbought condition. Also, the price was above the key EMAs of 50 and 200 days suggesting a positive outlook. Now, if Bonk price closes below $$0.0000210$$ and the 50-day EMA on the daily chart, it could negate the optimistic outlook. In such a case, Bonk might fall back to $$0.00001766$$, reaching the lower demand zone. Conclusion. The cryptocurrency market is recovering, with Bitcoin rising towards $63,700.The memecoin BONK has also recovered nearly 9% on a broader market recovery. Also, Increased active addresses and positive weighted sentiment indicate a market upturn, potentially benefiting BONK. Now, If the recovery continues, BONK could add 18% gain to its April 25 high of $0.00002946. Resistance may occur near $0.00002918, with support at $0.0000210. The RSI and SMA suggest neutrality. On the flip side, A close below $0.0000210 could reverse gains, possibly leading to a drop to $0.00001766.
CRYPTO:BONKUSDLong
by Ritika_TCR
the BONK crypto asset is exhibiting bullish features The BONK Crypto experienced a bullish trend from February 2024, rising from the support level of $0.00001000 to a high of $0.00004751 by the first week of March 2024, where it closed at $0.00003800. However, from the second week of March 2024, the price began to plummet and ended up in a downward wedge, violating the earlier uptrend. Despite this, the BONK crypto has shown signs of recovery as the price rebounded from a significant support level of around $0.00001350 on the chart. The breakout of the falling wedge pattern, a strong bullish pattern, suggests that BONK crypto may continue its upward trend and reach new peaks from its current price level. The BONK asset appears to be continuing its steady rise and displaying bullish strength as it remains above the major 20-day and 50-day EMA bands. The MACD also indicates a strong bullish crossover, with a histogram at 0.00000138, the MACD line at 0.00000053, and the signal line at -0.00000085. Additionally, the RSI is moving higher, indicating that the BONK crypto asset is not overbought and can maintain its upward direction. An overall analysis of the chart shows that the BONK crypto asset is exhibiting bullish features and may reach higher levels by continuing its ongoing breakout on the daily chart. It displayed good performance in the previous week, with a 75.42% increase, indicating strong upward momentum and the potential to retest the supply level at $0.00004000. As of press time, the BONK crypto is trading at $0.00002720, with an intraday gain of 2.35%, a 24-hour trading volume of 652.97 million, and a market capitalization of 1.68 Billion. If the price continues to attract more buying interest, it could achieve higher targets at $0.00003000 and $0.00003500. However, if the price fails to sustain support at $0.00002400, price gains may begin to decline and hit lower support levels.
COINBASE:BONKUSDLong
by Sam_TCR