BONK has broken above its 20-day Exponential Moving Average (EMA), now acting as dynamic support at $0.000014. This move indicates short-term bullish momentum, as trading above the 20-day EMA typically suggests increased buying pressure.
If bulls maintain control, BONK could rally toward the $0.0000184 resistance level.
However, a drop in demand could invalidate the uptrend, with downside targets around $0.0000114.
If bulls maintain control, BONK could rally toward the $0.0000184 resistance level.
However, a drop in demand could invalidate the uptrend, with downside targets around $0.0000114.
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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.