$BONK $BTC Currency Analysis $BONK Please support us with a like to continue

The price of the Bonk coin rose during its recent trades at the moment levels, to test a short-term downward corrective trend line, amidst the continuation of negative pressure due to its trades below its simple moving average for the previous 50-day period, in addition to that we notice the beginning of the formation of a negative divergence in the relative strength indicators, after reaching areas of severe saturation with buying operations, in an exaggerated manner compared to the price movement, with the beginning of the emergence of negative signals from it.

Therefore, we expect the return of the decline in the price of the coin during its upcoming trades, as long as the resistance level of $0.00004086 remains stable, to target the first support levels at $0.00002479.

The expected direction for the upcoming trades: likely to decline