💡 Quick technical analysis:
✅ Noticeable rebound! After a sharp drop to 0.00001371, BONK has returned to register a gradual rise towards 0.00001477, indicating a return of buyer interest and relative stability in price movement.
✅ Technical indicators are improving!
RSI at 44.68 ➜ still in the neutral zone, indicating there is plenty of room for upward movement before reaching overbought levels.
MACD is approaching a bullish crossover, which could spark a new wave of increases.
✅ Liquidity is present! High trading volume over the past 24 hours (more than 642B BONK) reflects strong interest in the currency.
📊 Average lines:
A crossover between the averages MA(5) and MA(10) may be imminent ➜ an additional support signal for the possibility of a trend reversal upwards.
$BONK
🚀 Expected scenario:
If BONK manages to break the current resistance at 0.00001512, the path may be open to reach levels of 0.00001651 and then 0.00001830 in the short term.
However, in case of a retreat, strong support at 0.00001371 represents an important pivot point for any upcoming correction.
$BONK
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🔥 Is BONK ready to explode?!
With increasing momentum and a gradual improvement in technical indicators, this may be the golden moment to ride the next wave! 💥