- Bonk exploded from a wide wedge pattern, with the current price at $ 0.00001862.
- The next target price is $ 0.00001950, $ 0.0000250, and $ 0.0000370 if Bonk exceeds MA 100.
Bonk, a Solana-based meme coin debuting December 2022 with a massive airdrop, has recorded a price climb in the last 24 hours. According to market data. Bonk is now trading at a price value of $ 0.00001862, as a breakout from the upper border of an expansion of the wedge pattern in the day -to -day time is observed. This movement suggests a strong bullish momentum following a period of volatility.
The expansion of the wedge's breakout pattern and potential target prices
According to a review prepared by the Rose Premium Signal. The price of Bonk shows signs of strength as it slaps the upper border of a wedge expansion pattern.
An upper breakout price at such times suggests growing demand in the market. When price swings grow greater during an expansion of the wedge pattern indicates that the stage of integration may change in the powerful movement of the direction.
Following the breakout, the attention now turns to the basic price levels. The next goals are $ 0.00001950, $ 0.0000250, and $ 0.0000370 if the token successfully breaks above the 100-day transfer of average.
To further support the expansion of the wedge pattern, another detailed review by Jonathan Carter points to the same where the 100-period transfer average (MA 100) acts as a second resistance.
A move above the MA 100 can serve as a confirmation for further upward movements. If these targets are met, they will serve as important levels to watch for further market development.
Monitoring the current market trend, CoinMarketCap indicates that Bonk has seen a price increase of 15.24% a day, reaching $ 0.00001862. The market cap rose to $ 1.46B, a 15.30% gain. Trade volume advanced 207.89% to $ 630.76m.
The switch -moving supply stands at 78.78B Bonk, with a total supply of 88.83B. The fully diluted valuation (FDV) of the token is $ 1.65B. The price chart shows significant upward movement, with a token reaching its climax during the following period.
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