The post BONK Cryptocurrency Recovers Key Price Levels in Late September appeared on BitcoinEthereumNews.com.

TLDR BONK price recovered key level of $0.000022 60% jump since September 15, 38% surge in past week Closed Q3 with 13% increase from opening Analysts predict potential for further gains Currently trading at $0.00023, down 2.9% daily BONK, a popular memecoin, has shown strong price performance in recent weeks, attracting attention from investors and analysts. The cryptocurrency has experienced significant gains and reclaimed important price levels, leading to speculation about its future trajectory. In late September, BONK’s price surged above the $0.000022 resistance level, marking a 60% increase since September 15. This move broke through a multi-month downtrend line, signaling a potential shift in market sentiment. The token’s performance was particularly notable in the past week, with a 38% price increase. BONK Price On CoinGecko As the third quarter of 2023 came to a close, BONK finished on a positive note. The cryptocurrency saw a 13% increase from its Q3 opening price, ending the period trading around $0.000025. This upward momentum continued into the start of October, with BONK briefly touching $0.000026 before settling back to support levels. The recent price action has caught the attention of cryptocurrency traders and analysts. Some market observers view the reclaiming of certain price levels as a bullish signal for BONK’s future. Crypto analyst Bluntz noted that BONK, along with other strong memecoins, showed a “swift” recovery from a weekly dip. This performance led Bluntz to suggest that BONK is “in prime position for a turbo green week.” 3 days of essentially sideways is so close to breakout, will probs be a sustained move imo$BONK pic.twitter.com/6MsnkVyVBY — Bluntz (@Bluntz_Capital) September 30, 2024 Technical analysis of BONK’s price chart reveals interesting patterns. One analyst pointed out that the token has been moving within a large symmetrical triangle pattern since reaching its all-time high in…

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Filed under: News - @ October 2, 2024 8:15 am