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Is it the right time to invest in Bonk

01-Feb-2024 By: Lokesh Gupta
Is it the right time to invest in Bonk

Bonk tests $0.00001, preparing for an outcome amid turmoil

  • $BONK's undergoes a 4% decline within 24 hours, putting support at $0.00001000 to the test amid increased selling pressure.

  • Examining the daily chart reveals #Bonk coin position within a Descending Triangle pattern.

  • Multiple instances of support are identified around the $0.0000100000 level on the daily chart.

  • A critical question emerges: Will buyers seize the opportunity, considering potential buying activity at the support?

  • Coingabbar analysis emphasizes that the prospect depends on the Bulls' ability to successfully maintain support at FIBO Levels.

  • According to Bonk Price Prediction, In the event of Bulls holding the support, achievable price levels include $0.0000180000 and $0.00002500.

KEY LEVELS :

RESISTANCE LEVEL : $0.000018000-$0.000025000

SUPPORT LEVEL : $0.000006000-$0.0000015000

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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