The BONK currency is currently trading near $0.00002247, with a trading volume over the last 24 hours reaching approximately $274 million. The currency has seen a slight increase during the day, reaching a high of $0.00002459, while its low was $0.00002228. Its market capitalization is estimated at around $1.81 billion.
Support and Resistance Levels:
The first support is at $0.000022, which is the current level where the price may temporarily stop. The second support is at $0.000021, as a stronger short-term support. The third support, which is a historical support, is at $0.00000885, the lowest price the currency has reached.
Resistance Levels:
The first resistance is at $0.000024, and if it is broken, it may open the way for a price increase. The second resistance is at $0.000026, an advanced level that buyers may face, and the maximum resistance is at $0.000059, which is the highest historical price of the currency.
Technical Indicators:
EMA (Exponential Moving Averages) indicates a sell signal in the short term, with potential support at the long average.
RSI (Relative Strength Index) at 38 indicates a neutral state with no overbought or oversold conditions.
CCI (Commodity Channel Index) at -180 indicates a potential buy signal.
The Williams %R indicator is at -94.91, indicating that the price is in the extreme selling zone, which may enhance the chances of a short-term bullish rebound.
ADX (Market Trend) at 39 indicates a weak market trend with volatility.
Forecasts: If the price continues to decline, it may face support at $0.000022. If this level is broken, the price may head towards the historical low of $0.00000885. On the other hand, if the price can rise above $0.000024, it may indicate the beginning of a potential bullish trend.
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