$BONK INCREDIBLE EXPLOSION, BUT WHAT NEXT? 🔥
We've seen how the bulls have taken over BONK and shown who's in charge, but is a DRASTIC drop still on the horizon? Or just a correction?
IMMINENT DROP?
Yes and no, because BONK will undergo its corresponding correction after a rise of this magnitude, obviously due to volatility. Now, if you look at the image, BONK has had a healthy and stable upward trend, so NO, an imminent or even dramatic drop is not expected, but a corresponding correction is expected. I call this "the purge of weak buyers."
HOW FAR WILL IT FALL?
Well, in the same image, I've shown the current support levels where the price is expected to bounce. The most common one could be as shown in the image with number 2. Number 1 is in the case of an aggressive correction, which is the least likely the other support its 0.031 this one or 0.032 this its the mos probablu where it going to do the correction.
COULD THE SUPPORT BE HIGHER?
Obviously, but I repeat, after a rally of this magnitude and in an altcoin of this caliber that is highly volatile, it could be more or less at the support I marked as (2), or even higher, which is the most likely outcome.
If you don't follow me, this is your signal. I have that analysis, and I can make you win a lot and lose little or nothing. You decide at the end of the day. 🔥🚀