CandleFocus BONK Targets $0.000041 as Double Bottom Fuels Breakout Rally
2024-10-17
Author: Content Editor
The article discusses the potential for a meme coin called BONK to reach the $0.000041 mark in October. The coin has recently broken above crucial resistance levels and has shown a trend-reversal rally. The article highlights that BONK has experienced a 25% surge in the past seven days and has formed a rising wedge pattern. The technical indicators, specifically the MACD and signal lines, suggest a bullish trend. However, there is also a warning of a potential negative cycle within the rising wedge pattern, which could lead to a retest of a broader falling-channel-pattern breakout.
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