Token

Resistance

Bonk

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The BONK token price plunged toward its crucial support zone of $0.00002400. </a></li>
 <li><span>2</span> <a>Technical indicators are suggesting a correction ahead.</a></li>
</ul>
<p>The BONK price has dragged to the trendline support region near $0.00002400 and is hovering close to the 100-day EMA mark. A symmetrical triangle pattern was noted, and the token is in a make-or-break situation. The price action signifies a retracement move, and the token will extend the lower low structure toward the 200-day EMA mark ahead.</p>
<p>At press time, the Bonk Token (BONK) price was trading at $0.00002388 with an intraday gain of 1.53%, reflecting neutrality on the charts. It has a monthly return ratio of -28.70% and 24.30% on a yearly basis. The pair of BONK/BTC is at 0.0000000335 BTC, and the market cap is $993.81 Million. Analysts are neutral and suggest that the BONK token may face bearishness and will soon retest the demand zone of $0.00001500.</p>
<h2 class="wp-block-heading" id="strong-bonk-price-volume-profile-on-a-daily-timeframe-strong"><strong>BONK Price Volume Profile on a Daily Timeframe</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (BONK), Volume (BONK)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bonk1&amp;pt=BONK&amp;df=2023-10-08T18%3A29%3A59.376Z&amp;dt=2024-04-08T18%3A29%3A59.376Z&amp;sat=shchcfg_PE-XLrA1fJc1&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The price chart of the BONK token signified a down move and plunged to its 100-day <a href="https://www.thecoinrepublic.com/2024/04/07/atom-crypto-displays-retracement-can-it-retest-200-day-ema-mark/" target="_blank" rel="noopener noreferrer nofollow">EMA</a> mark, guiding a retracement price action. However, the token has taken support on its trendline and awaits a rebound. Furthermore, the bulls are trying to accumulate, and low investor interest is displayed on the charts. The intraday trading volume spiked over 38.90% to $993.81 million, signifying sellers’ intention to push the price ahead.</p>
<h3 class="wp-block-heading" id="strong-bonk-strong-strong-price-volatility-and-weighted-sentiment-analysis-strong"><strong>Bonk</strong> <strong>Price Volatility and Weighted Sentiment Analysis</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (BONK), Weighted sentiment (Total) (BONK)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bonk1&amp;pt=BONK&amp;df=2023-10-08T18%3A29%3A59.376Z&amp;dt=2024-04-08T18%3A29%3A59.376Z&amp;sat=shchcfg_PE-XLrA1fJc1&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Amidst the price decline, the volatility remained average and stayed below the midline, around 0.016. Similarly, the weighted sentiment data noted a decline and dragged to the negative region at around -0.546.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-twitter-followers-insights-strong"><strong>Social Dominance and Twitter Followers’ Insights</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (BONK), Twitter Followers 7d (BONK)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bonk1&amp;pt=BONK&amp;df=2023-10-08T18%3A29%3A59.376Z&amp;dt=2024-04-08T18%3A29%3A59.376Z&amp;sat=shchcfg_PE-XLrA1fJc1&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The above data showcased the social dominance and Twitter follower insights replicating the average movement, and a dip of over 2.21% was noted this week. However, the Twitter followers’ data revealed an up move and surged over 44.90% to 7073.</p>
<h3 class="wp-block-heading" id="strong-what-do-whales-activity-data-and-the-rsi-indicate-strong"><strong>What Do Whales Activity Data and the RSI Indicate?</strong></h3> <iframe loading="lazy" title="Santiment Chart: Percent of Stablecoin Total Supply held by Whales with more than 5 million USD, RSI 1d (BONK)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bonk1&amp;pt=BONK&amp;df=2023-10-08T18%3A29%3A59.376Z&amp;dt=2024-04-08T18%3A29%3A59.376Z&amp;sat=shchcfg_PE-XLrA1fJc1&amp;emcg=1&amp;emhwm=1&amp;wm=percent_of_whale_stablecoin_total_supply%3Brsi_1d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%2C%22__appliedInterval%22%3Atrue%7D" scrolling="no"></iframe>
<p>Per the Santiment data, the percentage of stablecoin total supply held by whales is noted to have surged by over 2.90% this week. However, the value remained close to the midline near 56.62. Similarly, the RSI curve stayed near the midline region and reflected a bearish crossover on the charts.&nbsp;</p>
<p>Per the Fib levels, the BONK price has slipped below the 38.2% zone and is trading near the 23.6% crucial support zone close to the lower Bollinger band region. However, the MACD indicator shows a bearish crossover and suggests underperformance for the subsequent sessions.</p>
<p>The total supply of the BONK token is 99.19 trillion, whereas the volume-to-market cap ratio is 0.0127, and it ranked 112 in terms of market cap in the global crypto market.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The BONK token price is trading in the bearish region and is hovering near the 100-day EMA, guiding bearishness. Moreover, the trend favors the sellers, and the token may extend the correction.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.00002300 and $0.00002100</p>
<p><strong>Resistance Levels:</strong> $0.00002500 and $0.00002700</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

BONK Price Prediction: Bulls in Dilemma, Is Major Selloff Ahead?

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Thecoinrepublic.com

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