Digital currency rises 20%..#Is.BONK preparing for another rally?

_#The.meme.cryptocurrency.Bonk Inu (BONK) is attracting investors' attention once again as the price of BONK has jumped another 20% in the past 48 hours and is currently trading at $0.00001572. Buyers stage a return BONK price is facing significant downward pressure. It broke through the 50 EMA on the 4-hour chart and fell quickly. This decline affects the market capitalization and indicates a possible death cross on the 4-hour chart. The price of #Bonk.Inu saw a massive 64% drop from December 14 to 28. It is similar to the correction often associated with bear markets, which usually extends over a few years. This usually comes after BONK was listed on some popular trading platforms last week. Due to the inherent volatility of meme currencies. There are signs that BONK is approaching a potential reversal.

Sellers are intensifying the pullback, pushing the price below the $0.000015 psychological level. It tests the 200 EMA and indicates a potential death cross. Despite the sharp decline this week, the recent uptrend provides optimism for #Bonk.price . Signaling a potential trend continuation amid positive market sentiment and a growing community in the coming weeks. Nowadays, buyers are coming back. They find support at the 200 EMA on the 4-hour time frame and reappear above the psychological threshold of $0.000015. However, recovery efforts face challenges as buyers gave up on the 61.80% Fibonacci level. To turn the previously supportive level into a resistance level, which may hinder the recovery attempt.

$BONK

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