Bonk Price Prediction
Bonk price prediction remains bullish as BONK’s value surges by 30% in just a week, sparking discussions about the potential for it to reach the $1 mark.
Amidst the vibrant landscape of digital currencies, BONK distinguishes itself with a notable increase of nearly 4% in the past 24 hours, positioning it at the #78 rank according to CoinMarketCap.
With a live market cap nearing $842.9 million and a circulating supply that dwarfs many, the trajectory of BONK’s value is under keen observation.
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Bonk Price Prediction
Examining the 4-hour chart, we pinpoint a pivot point at $0.0000138. BONK faces immediate resistance at $0.0000148, with subsequent hurdles at $0.0000157 and $0.0000169.
Conversely, support levels are established at $0.0000128, $0.0000116, and $0.0000097, providing a framework for potential price movements.
The Relative Strength Index (RSI) stands at 76, verging on the overbought territory but indicative of strong buying pressure.
The 50-Day Exponential Moving Average (EMA) trails at $0.0000109, further affirming a bullish undertone in the current market trend.
Bonk Price Technical Analysis – Source: Tradingview
Chart analysis reveals BONK’s successful 50% Fibonacci retracement at $0.0000138. Should BONK sustain a bullish crossover above this juncture, it’s poised to target the 61.8% Fibonacci retracement level at approximately $0.0000148, signaling potential upward momentum.
In conclusion, the technical landscape for BONK is predominantly bullish, particularly if the asset maintains above the critical $0.0000138 level.
Short-term forecasts suggest BONK could test its immediate resistance levels in the near future, backed by robust trading volume and technical indicators.
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