$BONK is starting to look interesting here 👀
BONK is trading around $0.00000355 after pushing higher and breaking above the recent range. The short term momentum is clearly improving.
Price is now above both the MA7 and MA30 which is a positive sign. RSI is around 67 showing strong momentum but it is also getting closer to overbought territory.
MACD has turned positive as well with the histogram expanding which suggests buyers are gaining control.
The bigger resistance sits around $0.00000460 near the MA200. If BONK can hold above $0.00000340 to $0.00000355 and continue building momentum then a move toward $0.00000400 and potentially $0.00000460 could come into play.
I would watch the $0.00000340 area closely. Losing that level could bring the price back toward the $0.00000300 zone.
Momentum is with the bulls for now but confirmation and volume are important from here.
BONK is trading around $0.00000355 after pushing higher and breaking above the recent range. The short term momentum is clearly improving.
Price is now above both the MA7 and MA30 which is a positive sign. RSI is around 67 showing strong momentum but it is also getting closer to overbought territory.
MACD has turned positive as well with the histogram expanding which suggests buyers are gaining control.
The bigger resistance sits around $0.00000460 near the MA200. If BONK can hold above $0.00000340 to $0.00000355 and continue building momentum then a move toward $0.00000400 and potentially $0.00000460 could come into play.
I would watch the $0.00000340 area closely. Losing that level could bring the price back toward the $0.00000300 zone.
Momentum is with the bulls for now but confirmation and volume are important from here.
