With a bullish conclusion to the lower high trend formation, BONK price action shows a breakout event. However, the uptrend fails to lift off from the crucial EMAs amid the broader market pullback.
Due to the bullish slowdown, the golden crossover in 50D and 200D EMA is delayed as the meme coin takes support over the dynamic lines. Further, the pullback comes as the retest of the trendline breakout.
Based on the price action analysis and Fibonacci levels, a bullish reversal will put $0.0023 and $0.0033 as the next potential price targets. $BONK
