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Bonk (BONK): How Does the Chart Look Friday?

Friday, March 01, 2024 09:18 AM | InvestorsObserver Analysts
Bonk (BONK): How Does the Chart Look Friday?

Bonk receives a strong long-term technical score of 99 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. BONK currently holds a superior long-term technical analysis score than 99% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 99
InvestorsObserver is giving Bonk a 99 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bonk!

Trading Analysis

The current trading price of $0.000024179 for BONK is $0.0000118 (95.64%) above the tokens 100-day moving average of $0.000012359. BONK meanwhile is $0.0000240 (-6239261785.08%) above its 52-week low of $0.000000176 and -$0.00001001 (-29247816.90%) under its 52-week high price of $0.000034191. Bonk's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 99. The price movement and range of BONK suggest that investors are neutral on the token at this time. Bonk currently has a total market cap of $1,576,291,305.63 to go along with its average daily volume of $6,240,707,177.37 worth of the currency over the past seven days. BONK's volume is below its seven day average as of the past 24 hours, with 751,302,159.92 exchanged in that period.

Summary

Trading patterns over the last year for Bonk leads to the token's a strong long-term technical score of 99 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Bonk (BONK).

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