$BONK $BTC $BONK BONK is based on the support of its simple moving average

The price of the Bonk coin (Bonk) decreased during its recent trading at the moment levels, with the return of negative signals in the relative strength indicators, after the price succeeded during its previous trading in disposing of some of its overbought conditions, amid the price's attempts to search for an ascending bottom from which it can take a base that may help it gain the necessary positive momentum to regain its recovery, to rely on the support of its simple moving average for the previous 50-day period, in light of the dominance of the upward trend in the short term.

Therefore, we expect the price of the coin to rise again during its upcoming trading, to target the resistance level of $0.00006230 again, as long as the support level of $0.00003389 remains stable.

The expected direction for the upcoming trading: likely to rise