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#BONK/USDT ANALYSIS BONK is currently experiencing a rebound from the support trendline of an ascending triangle pattern. However, the 21MA is acting as a resistance level above the price action. For a bullish confirmation, BONK needs to break out of both the ascending triangle and the 21MA. Conversely, if BONK fails to maintain its position within the triangle and breaks down from it, this could signal a potential downward movement in its price. This pivotal moment will determine the next directional move for $BONK
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#BTC/USDT ANALYSIS Bitcoin is exhibiting a promising consolidation within a bull flag pattern, with prices rebounding from the support trendline. The Ichimoku cloud further reinforces this bullish sentiment by providing additional support, indicating sustained upward momentum. A breakout above the bull flag pattern would serve as a robust confirmation of continued bullishness, potentially signaling a strong upward move. However, if Bitcoin falls below the support trendline of the flag, this would invalidate the pattern, suggesting a potential shift in market sentiment and a possible downturn.
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