💡 Quick technical analysis:
✅ Notable bounce! After BONK dropped to 0.00001807, it bounced back well to 0.00001899, indicating renewed buying activity in this area.
✅ RSI at 47.5 → has not entered the overbought zone yet, there is still significant upward potential before signs of exhaustion appear.
✅ MACD is close to a bullish crossover! The indicator is at -0.00000006 only, and with a little momentum, we could see an explosion in price movement.
✅ Trading volume is stable at 80.4B, indicating that the market is heading towards a consolidation phase before taking a clear direction.
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📊 Potential technical pattern – are we seeing the launch of a reversal model?!
🔍 "Double bottom" pattern? We notice two lows close to 0.00001772, with a clear bounce after the second low → if resistance at 0.00001931 is broken, an explosion may be imminent.
🔍 "Broken descending triangle" pattern? The price has surpassed short-term resistance, and if it stabilizes above 0.00001912, we may quickly test the level of 0.00002086.
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🚨 Supporting signals from the indicators:
RSI in the middle → no overbought signals, allowing the price room to move upwards.
MACD in decisive position → very close positive crossover.
Moderate trading volumes → high probability of a consolidation phase before a major breakout.
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🎯 Predictions for the next movement:
In case of breaking 0.00001931 → the next target is 0.00002050 and possibly testing the last peak at 0.00002179.
If it fails to hold → the nearest support is 0.00001807, and breaking it could bring the price back to 0.00001772.
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💬 My personal opinion:
BONK seems to be preparing for a golden opportunity, especially since the technical indicators support the bounce, and the price pattern reflects a desire to exit the sideways channel. This timing is sensitive, and the price explosion may be closer than we think.
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✅ Final advice:
Place a stop loss below 0.00001772 to protect your capital.
Do not enter the market without a clear plan – and manage your risks.
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📢 Do you expect BONK to explode towards a new peak? Or is it just a temporary bounce? Share your predictions!