BONK Price Prediction: How to Seize Buying Opportunities
BONK price has been range-bound over the past month and has failed to enter a bullish trend. Market sentiment is generally panicky and buyers are weak. Although there are profit opportunities in the short term, buyers are advised to wait patiently for further price declines before considering going long.
As of now, BONK's main support level is at $0.0000162, with an additional local support level at $0.0000174. The 12-hour chart shows that market momentum is bearish, with both the RSI and OBV indicators suggesting that sellers are dominant.
In the long term, BONK may see a rebound in the coming months, but in the short term, it is expected to continue to fluctuate in a range. The liquidation heat map shows that key liquidity pools are located between $0.0000146 and $0.0000161 and $0.0000237 and $0.0000253. Considering these data, bulls can look for buying opportunities around the $0.000015 area.
Public account: Pumpkin Strategy (early review strategy analysis of Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendation of high-quality coins and live analysis, and occasional sharing by Cai Fumima)
