CandleFocus BONK Price Ready To Surge 1,105% From Here? Analyst Reveals Key Levels To Watch
2025-01-16
Author: Content Editor
The article discusses the price movements of the meme cryptocurrency BONK and its potential future trajectory. The cryptocurrency has been trading within a descending channel for the past three months, with lower highs and lower lows. There is a possibility of a double bottom pattern forming at a critical support zone around $0.000026, which could lead to a bullish breakout and a retest of the all-time high at $0.00005825. However, confirmation on lower timeframes is essential for this scenario. If BONK fails to exhibit bullish confirmations, there is a risk of further retracement or panic selling, potentially breaking below the critical support level. The current price of BONK is $0.00002863, with a 5% increase in the past 24 hours.
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