BONK HITS ALL-TIME HIGH?🚀
The meme coin BONK has recorded an impressive performance and is approaching a crucial technical zone in its chart.
In the 4-hour chart, BONK has broken through an important resistance, supported by volume. The asset has surpassed the Fibonacci level of 3.618, located at $0.00003894, and is now oscillating slightly below the 4.236 extension at $0.00004190.
Traders' attention is precisely on this area, often considered ideal for taking profits. It is also referred to as the “golden pocket,” a technical zone where many bullish trends begin to slow down or reverse direction.
If BONK manages to decisively break the Fibonacci level at $0.00004190, it could test its all-time high of $0.00005916 again. Otherwise, it could experience a pullback and slide to the level of $0.00003894 or $0.00003414.
NOTE: The LetsBonk.fun platform, launched by the BONK community at the beginning of the year, is making waves as 52% of new meme coin projects have been created on the platform. A clear lead over Pump.fun, which has now dropped to 39%.
