💵 $BONK Next Move: Price Prediction Indicates a 40% Hike - AMBCrypto Analytics

The late February-early March rally saw BONK reach its ATH at $0.0000477. Over the six weeks, it retraced almost all of those gains, nearly falling back to the 100% retracement level.

The range formation (purple) gave the bulls time to recover and gather strength for the next push.

The RSI on the daily chart was above neutral 50. The CMF was at -0.01. Together, they showed strong bullish momentum but a lack of significant capital inflows recently.

The breakout above the range, whose highs were at the 50% Fibonacci retracement level, was an encouraging sight for the bulls.

The BONK price prediction is bullish due to the retracement, consolidation, and breakout that took place over the past three months.

It is highly likely that BONK would soon set new ATHs. The Fibonacci extension levels showed $0.000056 and $0.00007 were the next targets.