What’s Happening in bonk Meme Coin and Is the Excitement Over? 3 Things to Watch (BONK Price A)
BONK uptrend looks threatened as momentum shifts.
Key Support levels: $0.0000135
Key Resistance levels: $0.0000350
1. BONK Is the ball in?
BONK is having a tough time after its current ATH reached $0.0000350. The price has fallen over 40% since then and it is critical for buyers to bounce back as soon as possible. Otherwise, sellers may take over the price action.
Chart by TradingView
2. Uptrend Under Threat
The red line that will continue this uptrend is located at the key support level of $0.0000135. If this level is lost, BONK could fall out of this uptrend, which could put the bears in control.
Chart by TradingView
3. RSI crashes
With buying momentum losing and selling volume increasing, the RSI is falling rapidly on the three-day time frame; It dropped from 98 points at the beginning of December to 78 points today. If this continues, it will be difficult to stay bullish.
Chart by TradingView
Prejudice
BONK’s bias is neutral.
Short Term Forecast on BONK Price
BONK owners’ faith is about to be put to the test. BONK could enter a downtrend if cracks appear at the key support at $0.0000135.
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Cryptocurrency charts from TradingView.
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