Sharp Pullback Observed: BONK price experiences a significant dip, dropping over 20%.
Retest at $0.000020: Despite the pullback, there's a hint of a potential reversal around the $0.000020 level.
Potential for Price Breach: If buyers re-emerge at the retest point, BONK market price could potentially break through the $0.000036 mark.
Market Retest Phase: Aligning with Bitcoin's weekend dip, altcoins, including BONK, enter a retest phase, possibly refueling the ongoing recovery rally.
Optimistic Outlook: Despite the recent gains and subsequent pullback, the Bonk price prediction remains positive, buoyed by its listing on prominent exchanges and increasing community interest.
4-Hour Chart Analysis: BONK's price trend, after reaching a high of $0.000025, faces rejection, leading to a pullback. The evening star pattern indicates a fall below the $0.000025 level.
Weekend Volume Impact: The pullback coincides with lower weekend volumes and a broader market correction.
Technical Indicators - RSI: RSI in the 4-hour chart suggests a breather phase, with a minor increase in selling momentum, yet the overall trend is still positive.
BONK’s Future Trajectory: Despite the current dip, the BONK price is trading at $0.000024793, forming a Doji candle, which could indicate a turnaround.
Fibonacci Levels in Focus: Trend-based Fibonacci levels suggest a retest could go down to $0.000020, with a potential rebound up to $0.000053.
Retest at $0.000020: Despite the pullback, there's a hint of a potential reversal around the $0.000020 level.
Potential for Price Breach: If buyers re-emerge at the retest point, BONK market price could potentially break through the $0.000036 mark.
Market Retest Phase: Aligning with Bitcoin's weekend dip, altcoins, including BONK, enter a retest phase, possibly refueling the ongoing recovery rally.
Optimistic Outlook: Despite the recent gains and subsequent pullback, the Bonk price prediction remains positive, buoyed by its listing on prominent exchanges and increasing community interest.
4-Hour Chart Analysis: BONK's price trend, after reaching a high of $0.000025, faces rejection, leading to a pullback. The evening star pattern indicates a fall below the $0.000025 level.
Weekend Volume Impact: The pullback coincides with lower weekend volumes and a broader market correction.
Technical Indicators - RSI: RSI in the 4-hour chart suggests a breather phase, with a minor increase in selling momentum, yet the overall trend is still positive.
BONK’s Future Trajectory: Despite the current dip, the BONK price is trading at $0.000024793, forming a Doji candle, which could indicate a turnaround.
Fibonacci Levels in Focus: Trend-based Fibonacci levels suggest a retest could go down to $0.000020, with a potential rebound up to $0.000053.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.