Lokesh Gupta
23-05-2024
#Bonk price has been on the rise, breaking through the $0.00003000 resistance thanks to bullish momentum.
Over the initial two months, $BONK surged by an impressive 400%, hitting its all-time high of $0.00004800.
Throughout the past month, BONK has traded between $0.0000200 and $0.0000300.
On May 20th, after a prolonged consolidation, $BONK breached the psychological resistance of $0.00003000, reaching a recent high of $0.00003483.
The daily chart shows a pattern resembling an Inverted Head and Shoulders, indicating potential bullish movement.
Meanwhile, the hourly chart displays BONK trading within a Bullish Flag Pattern.
According to Coingabbar Prediction, Bullish momentum aims for a move to $0.00003700, with a successful breach possibly leading to a rise to $0.00004800.
Failure to surpass the $0.00003500 level could empower bears, potentially driving the price back to retest $0.00003000.
KEY LEVELS :
RESISTANCE LEVEL : $0.00003700-$0.00004300
SUPPORT LEVEL : $0.00002700-$0.00002000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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