💡 Quick technical analysis:
✅ Strong upward wave! BONK rose from a low of $0.00000972 to a peak of $0.00002179, reflecting massive buying interest and a quick move over a short period.
⚠️ Signs of slowdown are showing:
The Relative Strength Index (RSI) is at 37, indicating a potential entry into the oversold zone, and a rebound may be imminent.
The MACD indicator is currently negative with a clear downward crossover, indicating a weakness in the current upward momentum.
Crossovers of the K, D, and J indicators show an entry into a weakness zone, indicating that the market is in a slowdown or resting phase.
📉 Volume is declining!
A decline in trading volume compared to the peak, reinforcing the hypothesis of a temporary correction or a retest of support areas.
🚀 Expected scenario:
If BONK can maintain the current support around $0.00001813, we might see a technical rebound towards $0.00001974 and then a new test of the previous peak at $0.00002179.
If the mentioned support breaks, we might return to test areas of $0.00001443 or even $0.00001177.
🔥 Is BONK preparing for a second round of takeoff?!
With increasing interest in meme coins and adoption news (like support from the World Food Program), liquidity could return at any moment — be ready for any sudden moves!
📢 Share your opinion! Do you expect BONK to rise again and break the peaks? Or will the correction continue? 🚀👇
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Important tips for investors:
Watch the MACD and RSI crossover carefully, as they are the key to reading the next movement.
Don't just trade on hype, especially in meme coins — timing is crucial!
Consider an exit strategy and gradually take profits, and don't forget to set stop-loss orders to protect your capital.
