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#HODLTradingStrategy
Bonk : The Meteoric Rise of Solana’s “Dog”
Bonk, the leading meme cryptocurrency on the Solana network, is in the spotlight this week as its momentum shows no signs of slowing down. After climbing for 5 consecutive days, Bonk stands out among altcoins, now trading at its highest level since May 23.
Having surpassed the Fibonacci retracement level at 23.6% to $0.00002095, Bonk is approaching the crucial resistance at $0.000025, its highest level since May 12. Additionally, the token has moved above its 50 and 100-day moving averages, indicating that bulls are in control. Technical indicators such as the Relative Strength Index and the MACD also confirm this bullish momentum.
Consequently, it’s likely that the price of Bonk will continue to climb in the coming days. The next target is the 50% retracement level at $0.00003453.
Bonk : The Meteoric Rise of Solana’s “Dog”
Bonk, the leading meme cryptocurrency on the Solana network, is in the spotlight this week as its momentum shows no signs of slowing down. After climbing for 5 consecutive days, Bonk stands out among altcoins, now trading at its highest level since May 23.
Having surpassed the Fibonacci retracement level at 23.6% to $0.00002095, Bonk is approaching the crucial resistance at $0.000025, its highest level since May 12. Additionally, the token has moved above its 50 and 100-day moving averages, indicating that bulls are in control. Technical indicators such as the Relative Strength Index and the MACD also confirm this bullish momentum.
Consequently, it’s likely that the price of Bonk will continue to climb in the coming days. The next target is the 50% retracement level at $0.00003453.
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