BONK/USDT Bulls Press On

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BONK/USDT currently ranks as the second-best performing asset in the crypto market at the time of writing. The coin has recorded a 4.12% price gain as its price action continues to break through technical boundaries. A closer look at the market is provided below.

Bonk Statistics

Current Price: $0.00003879

Market Capitalization: $3.07B

Circulating Supply: 80.91T

Total Supply: 88.79T

CoinMarketCap Rank: 35

Key Price Levels

Resistance: $0.00004500, $0.00004750, $0.00005000

Support: $0.00003700, $0.00003500, $0.00003300

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BONK/USDT Keeps Pushing Beyond Limits

The BONK token appears to possess strong bullish momentum. This is evident as price action continues climbing above the upper limit of the Bollinger Bands (BB) indicator. The most recent price candle appears small and compact but remains green and positioned above the upper band.

The BB indicator itself is notably divergent and slightly tilted upward—indicating increased volatility with bullish bias. Similarly, the Smoothed Rate of Change (SROC) indicator line continues trending upward after crossing above the equilibrium level.

Although traders might anticipate a short-term pullback, current momentum suggests that the upward correction could persist longer than expected.

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Bonk Pursues the $0.00005000 Price Level

On the 4-hour chart, BONK/USDT maintains a strong bullish structure. Price action recently pulled back from the upper BB band in the previous session (as shown by a red candle), but the ongoing session has produced a rebound, bringing price action back to the uppermost band.

Meanwhile, the SROC indicator line remains above the equilibrium level and continues its upward trajectory. These technical signals suggest that BONK is well-positioned to challenge and potentially breach the $0.00005000 resistance level in the near term.

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