$BONK $BONK It’s so hot today!

It has experienced a significant decline since early June and is now showing signs of rebound. The recent lowest price is 2153 USDT and the highest price is 2400 USDT, indicating that there is strong support and resistance in this range.

Judging from the trading data, the buying power is relatively strong, the current price is close to the 24-hour high, and the selling orders are relatively scattered. It shows that market sentiment is positive and bulls have the upper hand.

From a technical analysis point of view, the current price is above the short-term moving average, showing a short-term upward trend. The current value of RSI is around 60. The market is relatively strong, but it has not reached an overbought state, and there is still room for upside. The MACD line and signal line are near the zero axis and have just formed a golden cross, indicating that short-term upward momentum is increasing.

If the price breaks above 2400 U, there may be room for further gains

(Note to currency friends: Click on the currency symbol (yellow font) in the post to buy spot. Click on the rectangular box at the end of the post to buy a contract. Pay attention and don’t get lost!)