BONK Price Soars 35%, First Meme Coin Accessible via Swiss Pension Funds
- Price Surge: BONK jumped approximately 35% today, trading near $0.00001225, making it one of the top gainers in the market, indicating strong demand and investor interest.
- Positive Technical Reaction: According to analysis by More Crypto Online, BONK is showing a good reaction at the support zone, with expectations to test October highs, reflecting optimistic market sentiment about its future trajectory.
- Entry into Traditional Finance: BONK has become the first meme coin accessible through Swiss pension funds via a SIX-listed exchange-traded product, with annual trading flows around $1.5 trillion, significantly enhancing its market credibility and investment potential.
- Market Outlook: If BONK can maintain above the breakout area, it is expected to continue pushing upward towards the October high region; however, a drop back into the support band could pose retracement risks.
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Technical Analysis for BONK
Technical Sentiment Analysis for Bonk (BONK) As of , Bonk (BONK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BONK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BONK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bonk (BONK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000023 | 0.00000372 | 0.0000052 | 0.00000662 | 0.0000081 | 0.00000952 | 0.000011 |
| Fibonacci | 0.00000372 | 0.00000483 | 0.00000551 | 0.00000662 | 0.00000773 | 0.00000841 | 0.00000952 |
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