Bonk bulls prevented an excessive price plunge and triggered a rebound from $0.00001152, surging by over 50%. Currently, the memecoin has risen above a pivotal resistance zone, and a daily close above the levels may validate the start of a bullish trend. However, the bears are extracting the profit, which may cause prices to drop slightly.
The conversion and base lines of the Ichimoku Cloud have undergone a bullish crossover, suggesting a short-term upswing, while the Lead span A also displays a bullish divergence, which hints towards a long-term potential upswing. However, the price remains below the cloud, which suggests the bears are still in play.
The Chainkin Mony Flow, or CMF, underwent a steep upswing and surged above 0, hinting towards the growing strength in the market. Besides, this is complemented with a rise in the price, pointing towards a bullish continuation
Therefore, the BONK price is required to rise above $0.00001971 before the weekly close, which may secure a strong bullish trend for the upcoming days
Targets
Resistance 1: $0.00001971
Resistance 2: $0.00002206
Resistance 3: $0.00002500
Support 1: $0.00001449
Support 2: $0.00001302
Support 3: $0.00001147
The conversion and base lines of the Ichimoku Cloud have undergone a bullish crossover, suggesting a short-term upswing, while the Lead span A also displays a bullish divergence, which hints towards a long-term potential upswing. However, the price remains below the cloud, which suggests the bears are still in play.
The Chainkin Mony Flow, or CMF, underwent a steep upswing and surged above 0, hinting towards the growing strength in the market. Besides, this is complemented with a rise in the price, pointing towards a bullish continuation
Therefore, the BONK price is required to rise above $0.00001971 before the weekly close, which may secure a strong bullish trend for the upcoming days
Targets
Resistance 1: $0.00001971
Resistance 2: $0.00002206
Resistance 3: $0.00002500
Support 1: $0.00001449
Support 2: $0.00001302
Support 3: $0.00001147
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.