BONK Ready for Takeoff As Bulls Target Long-Term SMA Breakout

BONK is reaching a significant milestone as it challenges the 200-day Simple Moving Average (SMA) at $0.0000238, a known downtrend resistance. A break and sustained rise above this long-term indicator might suggest a major trend reversal, ending BONK's bearish phase.

BONK shows major technological shifts. The price is challenging the 200-day SMA at $0.0000238, a key trend-defining mark. After months of sideways or negative pressure, BONK's first substantial positive reversal since early Q1 would indicate buyers are taking control. A change in ownership might revive investor interest and spark a surge.

The low barrier between the current price and the 0.5 Fibonacci retracement level at $0.0000348 makes the scenario even more intriguing. CryptoS6 says this sector attracts breakout-driven momentum, allowing for quick gains. If BONK can close above the 200-day SMA, traders will likely follow, increasing the likelihood of a larger surge.

BONK's chart suggests a “God Candle” explosive move that would propel the token from $0.000025 to $0.00004.

The current volume increase indicates market engagement and accumulation, which generally precedes a major price shift. Meanwhile, BONK's price movement is matching with important moving averages, especially as it seeks to retake the 200-day SMA, a significant long-term trend signal.

Momentum and low resistance ahead keep the risk/reward profile attractive.

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