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The price of Bonk has risen 13% in the last 24 hours. trading at $0.00000292 at 6:50 a.m. EST, marking a 1,400% gain over the past month.
This has raised the token’s trading volume to $84.7 million, up 12% in the last 24 hours and contributing to its weekly performance, which is now up 64%.
Bonk Price: Bullish momentum persists, bulls aim for new high
Buyers have been consolidating at the $0.0000002080 support zone. This shows a strong recovery by the bulls, breaking above the resistance point of $0.000001771. This has led to the start of an uptrend, marked by successive bullish candlestick patterns.
Despite being rejected at $0.000002941, the bulls have shown resilience by regaining control around the $0.000001771 support level. This indicates the possibility of a prolonged uptrend and gives the bulls the momentum to break the resistance at $0.000004540.
BONK price is trading above the 200-day and 50-day moving averages, reinforcing the bullish outlook. These moving averages act as immediate support levels, with the crossover at $0.0000004380 indicating the bulls’ current dominance.
Although the Relative Strength Index (RSI) has declined slightly, it remains above the overbought threshold of 70, currently at 72. This suggests increased momentum and buying pressure compared to previous levels.
Bonk price remains bullish
The overall outlook for BONK remains bullish, supported by the alignment of the moving averages and the RSI. This encourages bulls to target $0.000004538 as the next significant resistance, a 51% increase from the current price.
On the contrary, if the resistance level of $0.000002941 remains strong, the bears could take the opportunity to correct the price towards the support zone of $0.000001771.
Given that risk, investors may also want to consider a pre-sale token that is aligned with the huge upside potential of bitcoin ETF spot approvals.
BTCETF Token Set for 20x Returns
The bitcoin ETF Token ($BTCETF) The project has seen a surge in value, surpassing the $800k milestone amid growing excitement around the approval of the bitcoin ETF.
As an investor, you can join the pre-sale and take advantage of the remaining four days of the current stage to secure your tokens at a discounted price of $0.0054 each.
The project is close to achieving its initial goal of $1.31 million, having already raised more than $856,000. Take the opportunity to invest early as the price will increase in the next stage.
Grayscale movement with a $eth futures #ETF It could be a chess move to secure a spot for a #EthereumETF approval.
Bloomberg analyst James Seyffart sees it as a “Trojan horse” tactic.
How do you perceive this regulation chess match?#BTCETF It has now raised over $800k too! pic.twitter.com/DW2DclMzOu
– BTCETF_Token (@BTCETF_Token) November 16, 2023
Buy BTCETF tokens, stake and earn passive income
You also have the opportunity to earn passive income through betting. Around 92 million BTCETF tokens have been staked, offering an impressive annual percentage yield (APY) of 309%.
However, it is essential to note that the APY rate is expected to decrease as more investors stake their tokens. With a limited supply of 840 million tokens available for pre-sale, early investors will benefit the most from the current high interest rates.
Stage 3 of the #BitcoinETF It’s already underway! pic.twitter.com/rJ5cnfkpDV
– BTCETF_Token (@BTCETF_Token) November 16, 2023
Alessandro De crypto, a YouTuber and analyst with over 11.6k subscribers, shares his confidence in the BTCETF token as the next significant development in the crypto space.
It provides information tailored to investors who are interested in acquiring tokens early for potentially substantial rewards.
https://www.youtube.com/watch?v=hsO9HNneaDg
Buying $BTCEFT tokens is a simple process. Visit the bitcoin ETF Token Website, Connect your wallet and exchange your eth, Matic or USDT for $BTCEFT, or use your bank card for direct transaction.
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