Bonk, Solana memo coin, has been silent for a whileHowever, an interesting technical analysis shows that something interesting could be brewed for this price action. The meme coin has shown in the last few weeks more and more bullish structureWhen the price was restored to the key support level and began to challenge the overhead resistance.
According to an analyst of the TradingView platform, Bonk just confirmed the double bottom formation; And here are the next price tunes of the meme cryptocurrency.
Double -bottomed reversal and golden cross points for Bonk's price explosion
Bonk/Tetrus a pair of technical analysis It shows that Meem Cryptocurrency has just confirmed the formation of two bottoms, which is one of the most reliable transverse patterns of technical analysis. This structure points to exhaustion of Bonk's pricing from the beginning of the year and the bullish trend from the beginning.
Bonk's pricing now pushes directly into the descending trend name resistance, the main technical ceiling, which has rejected its demonstrations since December 2024. If this barrier is broken, it would indicate a decisive break from a monthly trend.
In addition, the exponential moving average also sends a bullish signal. The 12-hour mother-50 and the mother-25 approach can soon cause a golden cross, which is an event that usually precedes the strong shelter.
Inverted targets and main resistance zones to view
Bonk seems to be over the resistance line again, but this time with enough conviction. The last time this trend line tested this trend, it was at the end of April, when its price was rejected at $ 0.00002179.
This rejection was due to a profit wave, with the other bottom of the hide of $ 0.00001036 dollars on April 7. The resulting rejection after rejection brought the price back to the main supporting range between 0.000000001550 to $ 0.00001425, where it has since escaped over the last 24 hours.
During this writing, Bonk trades for $ 0.00001824, which is 8.3%in the last 24 hours. The next step is the impetus to the obstacle level, which a Tradingview analyst emphasized before an explosive move.
If the bulls successfully pierced through the air resistance zone between 0.0000002000 and $ 0.00002100, the next moderate resistance is between $ 0.00002500 to $ 0.0000002750. This range is delayed by a double -bottomed pattern with a predicted movement and may be the further consolidation of the production area. However, if the bullish attack continues, especially on the back of the golden cross, the next level is between $ 0.00003400 and $ 0.00003700. This level is of strong importance as it corresponds to a 50% fibonacci withdrawal From November 2024 the highest all time.
Highlighted Picture from Bonk, Graph's Site TradingView.com
Editorial For bitcoinists, the focus of the provision of precise and impartial content has been focused. We support strict procurement standards and each page passes a careful overview of our top technology experts and experienced editors. This process ensures the integrity, relevance and value of the content of our readers.
