Bonk Price On Fire: BONK's Key Level Breach Sparks Frenzy

10-01-2024 By: Lokesh Gupta
Bonk Price On Fire: BONK's Key Level Breach Sparks Frenzy

Bonk Price Prediction: 5 wave upswing done from October lows

  • According to Bonk Price Prediction, BONK price has significantly decreased since its December 15, 2023, all-time high.

  • Signs of recovery and trend reversal emerge as BONK shows a 73% decrease in the last three weeks.

  • The downward trend begins to shift as BONK experiences a rapid 57% rally in just 72 hours.

  • BONK's price rebounded notably on January 8, breaking out from a falling wedge pattern.

  • Currently, Price of Bonk almost touched the December 29 high near $0.000016850 but retraced.

  • Sustaining above $0.0000138 could propel BONK to test the $0.0000175 level, with potential for further rise.

  • Conversely, if bears dominate, the price may fall to the $0.00001150 support level.

  • Further bearish pressure could lead to a challenge of the lower support level around $0.000009300.

KEY LEVELS :

RESISTANCE LEVEL : $0.000017000-$0.000018500

SUPPORT LEVEL : $0.000013800-$0.00001250

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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