Over looking the meme-coins chart closely, it has been found trading in a parallel upward channel, which looks like a pretty good chart on the daily.
Over looking at the bullish perspective, the derivatives are high, and the shared positive news on socials, develops a much higher possibility of BONK bouncing (DYOR).
The BONK had two peaks since its first candle (BONK: COINBASE), which encountered a major decline from supply standing tall around $0.0004200. Thus, the price declined, which looked like a double top pattern, but it failed to complete. Instead of continuing to fall, it showed a resurgence from the wedge's lower boundary.
As per the above-mentioned analyst theory, if the price manages to surpass $0.00002960, then it could have an easy-peasy 1:2 RR target at the wedge above the boundary (DYOR). Thus, in the course, the interruptions could stand near $0.00003600.
However, facing a decline from $0.00002960 could lead toward the major demand zone at $0.00001250. So, Investors should stay cautious and dig into their own research.
Over looking at the bullish perspective, the derivatives are high, and the shared positive news on socials, develops a much higher possibility of BONK bouncing (DYOR).
The BONK had two peaks since its first candle (BONK: COINBASE), which encountered a major decline from supply standing tall around $0.0004200. Thus, the price declined, which looked like a double top pattern, but it failed to complete. Instead of continuing to fall, it showed a resurgence from the wedge's lower boundary.
As per the above-mentioned analyst theory, if the price manages to surpass $0.00002960, then it could have an easy-peasy 1:2 RR target at the wedge above the boundary (DYOR). Thus, in the course, the interruptions could stand near $0.00003600.
However, facing a decline from $0.00002960 could lead toward the major demand zone at $0.00001250. So, Investors should stay cautious and dig into their own research.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.