Is Bonk (BONK) Trending Lower or Higher Friday?

Friday, March 29, 2024 09:08 AM | InvestorsObserver Analysts

Bonk receives a strong short-term technical ranking of 81 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. BONK has a superior recent technical analysis than 81% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Bonk a 81 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bonk!

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Trading Analysis

Bonk is $0.000014 (103.08%) above its 30-day low of $0.000013254 while -$0.000020 (-42.77%) below its 30-day high of $0.00004704. In addition, BONK's current price of $0.000026917 is above its 30-day moving average price of $0.000026770, leading to a strong short-term technical score. Overall the recent trading history of Bonk suggest that investors are bullish on the token at the moment. BONK has a relatively high market cap for a token with a total market value of $1,754,772,182.65. Bonk's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and BONK meets that criteria. Bonk's average volume meanwhile is high with $2,560,897,076.70 worth of the token traded over a typical 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. As of the past 24 hours, BONK's volume is below its average with $333,331,093.12 exchanged.

Summary

Bonk's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Bonk (BONK).