Weekly candle for #BONK🔥🔥
Price action is on the moderate side, the price fell below the $0.00002163 horizontal after previously moving higher. These deviations are considered moderate signs. Despite this decline, BONK price is still positive 8,059.81% since the beginning of the year.
Relative Strength Index (RSI).
The Relative Strength Index (RSI) provides additional insight into market momentum by measuring the magnitude of Bonk price movements to determine whether they are overvalued or undervalued. Market traders use the RSI as a momentum indicator to identify conditions of overbought or oversold, and to decide to accumulate or sell assets. Readings above 50 and an uptrend indicate that bulls still have a point of strength, while readings below 50 indicate the opposite.
According to the RSI, in the 1-week candle time frame, Bonk Coin is currently trending with an actual RSI reading of . It can save the 50 line if the indicator returns to it.
