Binance $BONK /USDT Price Analysis and Target
The $BONK /USDT pair has recently seen a solid increase of +17.72% in the last 24 hours, currently trading at $0.00003474. The 24-hour high reached $0.00003478, and the 24-hour low dipped to $0.00002479.
Key Trading Data:
24h High: $0.00003478
24h Low: $0.00002479
24h Volume (BONK): 6.21 trillion BONK tokens
24h Volume (USDT): 185.08 million USDT
MA(7): 0.00003452
MA(25): 0.00003424
MA(99): 0.00003366
Technical Indicators:
The Moving Averages (MA) show a positive short-term trend with the price trading above the 7-period (MA7) and 25-period (MA25) moving averages, signaling bullish momentum.
The 24-hour trading volume reflects significant trading activity, with 6.21 trillion BONK tokens traded, indicating heightened interest and potential for further price movement.
The price has been hovering near the 0.00003470 range, which is just below the 24-hour high of $0.00003478. Support is likely around $0.00003366 (MA99).
Target Price:
The immediate target for BONK/USDT appears to be around the $0.00003480 level, just below the 24-hour high. A breakout above this level could push the price toward $0.00003500 or higher in the short term.
However, if the price experiences a pullback, the key support zones are likely to be $0.00003366 (MA99) and $0.00003300.
Conclusion:
The $BONK
/USDT pair is showing strong bullish momentum, with the $0.00003480 level acting as a potential target. Traders should watch for potential support around $0.00003366 in case of a retracement. A breakout above $0.00003480 could lead to further gains #CorePCESignalsShift #BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #USJoblessClaimsFall