BONK is very popular today!
Since the beginning of June, despite a period of significant price decline, it is now showing strong rebound momentum. The recent price fluctuations are in the range of 2153 USDT to 2400 USDT, and there are obviously solid support and resistance levels in this range.
According to the analysis of trading data, the buying momentum is strong, and the current price is close to the high point in 24 hours, while the selling is relatively scattered. This trading pattern reflects the positive shift in market sentiment, and the bulls are currently dominant.
From a technical point of view, the current price is firmly above the short-term moving average, which further confirms the upward trend in the short term. At the same time, the current value of the RSI indicator is near 60, indicating that the market is in a relatively strong state, but it has not yet reached the overbought area, which means that there is still room for further rise. In addition, the MACD line and the signal line have just formed a golden cross near the zero axis, which indicates that the short-term upward momentum is gradually increasing.
