🔥Bonk Price Forecast: 30% Increase in 7 Days—Is $1 BONK A Realistic Goal?🔥
🔥With a 30% increase in value in just one week, BONK has sparked talk about the possibility of it reaching the $1 mark, and the price forecast for Bonk remains positive.
🔥With a significant gain of about 4% in the previous 24 hours, BONK stands out among the dynamic landscape of digital currencies, ranking #78 according to CoinMarketCap.
🔥The future of BONK's value is being closely watched due to its large circulating supply and live market cap, which is approaching $842.9 million.
🔥In the middle of the market's ups and downs, Smog, this crypto asset that keeps making news, presents itself as an interesting alternative that investors looking to diversify their digital portfolios can consider.
🔥Prediction of the Bonk Price
Looking at the 4-hour chart, we can see that $0.0000138 is a pivot point. between $0.0000148, BONK encounters instant opposition; between $0.0000157 and $0.0000169, it encounters more obstacles.
🔥The $0.0000128, $0.0000116, and $0.0000097 support levels, on the other hand, serve as a basis for possible price fluctuations.
🔥At 76, the Relative Strength Index (RSI) is showing significant buying pressure and is almost in overbought territory.
🔥With the 50-Day Exponential Moving Average (EMA) just below $0.0000109, the present market trend is even more strongly supported by bullish sentiment.
🔥Looking at the chart, you can see that BONK hit the 50% Fibonacci retracement level around $0.0000138. The 61.8% Fibonacci retracement level, at around $0.0000148, is a possible objective for BONK's upward momentum if the bullish crossing above this juncture is sustained.
🔥Finally, if BONK keeps its price above the crucial $0.0000138 mark, the technical picture will become positive.
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