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💡 Quick technical analysis:
✅ Strong rebound! After dropping to 0.00000886, BONK experienced a fierce upward wave reaching a peak of 0.00002100, reflecting huge buying interest.
✅ Indicators are positive! The Relative Strength Index (RSI) is at 71.39, indicating entry into the overbought zone, but there is still strong positive momentum supporting the continued rise!
✅ MACD shows positive momentum! Despite the convergence of its lines, the upward momentum is still ongoing.
🚀 Expected scenario:
If BONK breaks the current resistance level at 0.00002100 again, we may see a new surge towards 0.00002300 or higher! However, in the event of a pullback, the nearby support area around 0.00001772 may form a strong bounce-back floor.
🔥 Is BONK ready to explode?!
With the buying momentum continuing and trading volumes rising significantly, the critical moment may be very close! Are you ready to jump on the fast train?!
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📊 Technical pattern analysis – Are we witnessing the formation of an explosive pattern?!
🔍 Potential technical pattern:
✅ Is a Bullish Flag pattern forming? After the strong rise to 0.00002100, the price entered a narrow sideways correction – resembling a bullish flag pattern, which is often a precursor to an explosive upward movement.
✅ Current support and resistance:
Strong resistance at 0.00002100
Key support at 0.00001772
Breaking resistance with strong trading volume could push the price strongly to new highs!
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🚨 Supporting signals from indicators:
RSI is relatively high → meaning that buyers are in control, but attention should be paid to the possibility of a slight correction before any new jump.
MACD remains positive → reinforcing the chances of the upward trend continuing.
Trading volumes are high → supporting a strong movement ahead.
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🎯 Upcoming movement expectations:
Breaking support at 0.00001772 = limited correction before continuing the ascent.
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💬 My personal opinion:
BONK is living a critical and exciting moment – all indicators and technical patterns support a strong movement very soon. Although the RSI has entered high levels, the upward momentum and trading volumes push towards continued ascent.
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✅ Final advice:
Do not invest all your capital at once; rely on the principle of partial entry.
Place a stop-loss below 0.00001700 to manage risk.
Keep a close eye on the market, especially with any news that may impact the cryptocurrency market in general.
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📢 Do you think BONK will explode and achieve new historic levels? Or do you expect a temporary correction before the big rise? Share your expectations with me!
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