Bonk's Turning Point: Is Bonk Gearing Up for a Price Rally

Bonk stalls at 78.60% FIBO, trades near 50.00% FIBO Level.

• Spot Bitcoin ETF approval failed to propel Bitcoin's price, prompting a market correction. BONK experienced a significant dip to $0.00001500, causing uncertainty.

• BONK's recent correction found support at the $0.000013 level and the 50% Fibonacci retracement, indicating stability.

• Bonk is encountering resistance from the descending trendline on the 4-hour chart.

• Resilient above $0.000013, BONK recovered 7.50%, now trading at $0.0000140.

• An inverted H&S pattern signals an early trend reversal.

• The pattern suggests buyers may drive up prices by 22%, targeting the neckline resistance at $0.0000177.

• According to Bonk Price Prediction, A successful bullish breakout could indicate a stronger trend reversal, potentially propelling BONK to a target of $0.0000257.

KEY LEVELS :

RESISTANCE LEVEL : $0.000018000-$0.000023000

SUPPORT LEVEL : $0.000009350-$0.000005900

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