💡 Quick Technical Analysis:
✅ Massive Upward Momentum! BONK has seen a spectacular run, surging from lows around 0.00001300 to a recent high near 0.00002400, indicating huge buying pressure.
✅ Healthy Consolidation! After hitting the peak, the price is now pulling back and consolidating. This "breather" is a common and often healthy sign after a strong upward move.
✅ Key Levels Are Clear! The price is currently hovering around the 0.00002200 level. The previous ZigZag low around 0.00002111 is a critical area to watch for support. $BONK
🚀 The Expected Scenario:
If BONK can hold its current ground and break above the recent high of 0.00002400, it could signal the continuation of its powerful rally and enter a new phase of price discovery. On the downside, a break below the 0.00002100 support zone could lead to a deeper correction. $BONK
🔥 Is BONK Just Refueling?!:
As one of the leading memecoins on Solana, BONK's volatility can create big opportunities. This consolidation phase could be the launchpad for its next major move. Are you watching closely? 🌊
📢 Share your thoughts! Do you think $BONK will break out to new highs or is a correction due? Let us know! 🚀👇
💎 Like and share this post if you're bullish on BONK's future