Market Bullish - Coinfutura

  • BONK rises 16.0% to $0.00002112, testing resistance at $0.00002222 while holding $0.00001784 support.

  • RSI and MACD on the hourly chart reflect sustained upward momentum but face key resistance ahead.

  • BONK/USDT shows rising volume as the market stays within the $0.00001784–$0.00002222 range.

BONK price action shows new strength, with a 24-hour appreciation of 16.0% elevating the price to $0.00002112. The move places the market just below the $0.00002222 resistance level, a barrier that has on every occasion capped price action. At the same time, the price remains securely above the $0.00001784 support, a barrier that has acted as a floor for recent bounces.

Notably, the hourly RSI is reading 75.17 and 72.85 signaling strong upside momentum short term. However, this momentum now has the problem of maintaining itself above the critical horizontal resistance. The MACD signal is also showing higher purchase pressure as the MACD line is above the signal line and the positive histogram prints recently.

Technical Indicators Signal Strength as Price Holds Above Key Support

Switching to the technical indicators, the RSI and the MACD are reinforcing the current uptrend. On the hourly chart, RSI is still far beyond 70, indicating strength in recent sessions. Moreover, MACD too showed a bullish stance, along with greater volume. This rate has ensured the price remains above the important support line of $0.00001784. Market is yet to give up this level, despite recent volatility.

The combination of strong RSI and positive MACD values reflects the sustained pressure toward the $0.00002222 resistance zone. Yet, the next sessions remain critical for determining whether this pressure will persist.

Resistance at $0.00002222 Defines Short-Term Range

Following this, near-term resistance of $0.00002222 continues to be the traders' focal point. This level has capped previous rallies and presently is the subsequent key hurdle. In addition, recent hourly bars indicate strong attempts to break this zone. 

However, sellers remain firm at the level, maintaining the price confined in the near-term range. 24-hour price range between $0.00001784 and $0.00002222 defines the current market situation. Until breakouts, BONK will likely be pinned between these horizontal levels.

Market Eyes Short-Term Breakout as Volume Increases

On this model, there is greater trading volume that has accompanied the recent increase. This shows greater participation as the price draws closer to the resistance zone. More strength is also shown by the BONK/USDT pair at 0.091954 BTC, which is a 16.3% increase compared to last Bitcoin. This BTC pairing also shows greater strength since BONK holds at current levels. For now, the market remains interested in whether BONK is able to stay above the support level and break the short-term resistance.

The post BONK Tests $0.00002222 Resistance as 16% Price Surge Meets Strong Technical Indicators appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.