📉 Bonk (BONK) Price Struggles Near Key Levels
The Bonk (BONK) memecoin has been hovering around its $0.00002125 resistance/support for a short period. Over the past week, BONK has faced a 17.93% correction, making it one of the top losers in the market recently.
📊 Technical Sentiments
• The MACD indicator shows a neutral price action with averages following a similar trend.
• The SMA is acting as a resistance, indicating weak buying pressure compared to selling.
🛣️ Future Price Outlook for BONK
If BONK manages to stay above its support level, it could potentially aim for a $0.0000270 resistance. However, if the bears take control, it might retest its low of $0.0000150 before the month ends.
🔮 Conclusion
BONK is currently in a delicate position, where holding support could lead to gains, but a bearish takeover might result in a sharp decline.
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