đ¶ BONK Holds the Line! Bullish Market Structure Still Intact â Ready for the Next Leap! đ
Despite recent fluctuations in May, $BONK is back to where it started the month, and more importantly, its bullish market structure remains firmly intact! After a recent rejection from the $0.00002581 local high, BONK is now stabilizing around the crucial 200 EMA.
Here's the technical snapshot:
* Healthy Retracement: The recent pullback to $0.00001820 is identified as a 77% corrective move, not a negative reversal. This indicates a healthy consolidation before the next push!
* Technical Hotspot: BONK is currently at a convergence point: the 4-hour 200 EMA, coinciding with the bullish 0.618 Fibonacci level and a daily support zone around $0.00001832-$0.00001841.
* Current Price: BONK is trading around $0.00001995, showing a 1.6% increase in 24 hours.
đŻ What's Next? Eyeing a Major Breakout!
The immediate focus is on the Point of Control (POC) resistance at $0.00001955. This level acted as a pivot point before the retreat and is now key for bullish continuation.
* If BONK secures a verified close above $0.00001955, expect a rapid expansion move towards the next resistance cluster at $0.00002581.
* The ultimate forecasted price objective, if this rally materializes, is $0.00003243, which is very close to its January 2025 open of $0.000035! This would represent a significant 77% rally from current levels and match a January 15-18 swing high.
The reaction just above the POC resistance will be crucial. If buyers sustain pressure and break out, BONK could retest its 2025 swing high and beyond!
Is BONK about to unleash its next major run? Share your predictions! đ