Poised for a 77% Upside if Bonk Holds at This Key Technical Level #MerlinTradingCompetition

BONK, the popular memecoin, continues to show strength after a massive +140 rally since April. Analysts suggest that if the token holds above the 200-day EMA, it could surge towards $0.000035, indicating a 77% upside from current levels. The trend remains bullish - as long as key support holds. BONK continues to respect its ascending price channel, with the 200-day EMA (blue line) acting as a crucial support level. This moving average, which previously acted as resistance in April, is now aligned with the lower boundary of the channel, reinforcing its importance. As long as the price stays above this area, the bulls remain in control. The next upside targets lie at $0.000025 and could reach $0.000035. 👌🔥

Key Levels: Monitor Liquidity Zones and Moving Averages. According to the liquidity filter charts, the 0.000018-0.000020 area currently contains the highest concentration of liquidity. This aligns with the 200-day and 100-day moving averages, making it a crucial area to monitor. If the price drops below $0.000018, it could signal a shift toward bearish momentum and trigger short positions. For bullish traders, this level could serve as an ideal stop-loss point$BONK

Have you ever given a thank you gift to a content creator? Try it now 👌