๐๐ Can BONK Crypto keep climbing to new heights? Let's dive into the chart analysis!
๐ From February 2024, BONK saw a bullish surge, reaching highs of $0.00004751 by March. However, a downturn followed, forming a downward wedge. Yet, recent signs of recovery, bouncing off key support levels, suggest a potential upward trajectory.
๐ The breakout from the falling wedge pattern hints at continued growth, especially as BONK remains above the crucial 20-day and 50-day EMAs. ๐๐ช Additionally, a bullish MACD crossover and an upward-moving RSI indicate further upward momentum.
๐ Last week, BONK displayed impressive performance, with a 75.42% increase, showcasing strong upward momentum. ๐ Now trading at $0.00002720, with gains in the day and solid trading volume, there's optimism for reaching targets at $0.00003000 and $0.00003500.
๐ However, failing to sustain support at $0.00002400 could lead to a decline and test lower support levels. ๐จ
Overall, with positive indicators and recent performance, BONK Crypto shows promise for continued advancement, with potential to retest previous highs and beyond! ๐๐ฐ #BONK #CryptoAnalysis ๐๐