$BONK

Break of Structure and Trend Change:

After a bearish trend, BONK has shown a break in structure, suggesting a change in trend. This bullish momentum has been confirmed, as evidenced by the current price increase ($0.00001626) and a rise of +7.47% in the last 24 hours.

The current price is above the 200-period moving average (MA200: $0.00001497), reinforcing the idea of a bullish trend in the medium term.

Retracement or Correction:

After a bullish impulse, it is common for the price to experience a retracement or correction before continuing its upward movement. This retracement could be an opportunity for buyers to enter the market at better prices, driving the asset up again.

The key levels to watch during the retracement include:

Immediate support: $0.00001497 (MA200).

Strong support: $0.00001443 (recent low).

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