💡 Quick technical analysis:
✅ Bounce from an important bottom! After dropping to 0.00001572, BONK bounced back to 0.00001691, indicating a clear entry of buyers at this level.
✅ RSI at 66.61! It is approaching the overbought area, but there is still room for more upward movement before reaching 70.
✅ MACD is weak but stable! It remains slightly in the negative zone, but the divergence between the lines is shrinking, which may indicate an upcoming crossover and a positive shift in momentum.
✅ High trading volumes! Over 115 billion units per hour, indicating ongoing strong interest from investors, especially with the recent price movements.
🚀 Expected scenario:
If BONK breaks the resistance at 0.00001707, we might see a new surge towards 0.00001783 then 0.00001859. In case of a pullback, the area of 0.00001630 - 0.00001572 could provide good support for a rebound.
🔥 Will BONK reignite the meme madness?!
The current behavior suggests an attempt to regroup strength before a potential explosion. Caution is required, but opportunities are available for those who watch closely and act wisely.
📢 Share your predictions! Do you think BONK will break 0.00001800 this week? Or is there another downward round? 🚀👇