Bonk (Bonk) Resumes Decline - Analysis - 12-23-2024

The price of Bonk (Bonk) has declined during its recent trading at the moment levels, after it succeeded during its previous trading in disposing of some of its clear oversold conditions with the relative strength indicators, amid its trading along a relatively large downward corrective trend line, which reinforces the negative outlook on the price, especially with the continued negative pressure due to its trading below its simple moving average for the previous 50 days.

Therefore, our expectations indicate a decline in the price of the currency during its upcoming trading, targeting the first support levels at $0.00002479, as long as the resistance level of $0.00004086 remains stable.

The expected direction for the upcoming trading: Down $BONK