BONK’s BBTrend indicator has just flipped positive for the first time in 30 days, potentially signaling the start of a new bullish phase. This is a notable shift, especially after a prolonged period of low momentum and sideways consolidation.
The BBTrend indicator is used to measure both the strength and direction of a market trend. When its value is negative, it typically suggests bearish or neutral conditions, where sellers dominate or price action lacks clear direction. For the past month, BONK has been stuck in this zone — until now.
This fresh flip into positive territory suggests that buying pressure is beginning to outweigh selling pressure, with momentum gradually shifting in favor of the bulls. If this trend continues, BONK could be gearing up for a sustained rally in the days ahead.
The BBTrend indicator is used to measure both the strength and direction of a market trend. When its value is negative, it typically suggests bearish or neutral conditions, where sellers dominate or price action lacks clear direction. For the past month, BONK has been stuck in this zone — until now.
This fresh flip into positive territory suggests that buying pressure is beginning to outweigh selling pressure, with momentum gradually shifting in favor of the bulls. If this trend continues, BONK could be gearing up for a sustained rally in the days ahead.
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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.
Full story here beincrypto.com/
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.