CandleFocus Will BONK Break $0.00003483 Resistance for a New All-Time High?
2024-11-13
Author: Content Editor
The BONK meme coin is currently trading at $0.00003394, experiencing an 8.82% decrease due to a broader market pullback. However, prior to this pullback, BONK saw a 132% surge in price, sparking hopes of a new all-time high. The current recovery rally faces opposition from a crucial resistance zone, and a bearish pullback suggests a retest of the broken Fibonacci level. Despite this, moving averages indicate a strong recovery rally, and the MACD and signal lines show a growing bullish gap. In the weekly chart, BONK shows a bullish breakout of a triangle pattern and attempts to break through the 23.60% Fibonacci level. If successful, the next price targets are $0.00007542 and $0.00001408, increasing the chances of a new all-time high.
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