Bonk (BONK) aims for gains – price prediction
Bonk (BONK) has been swinging inside the symmetrical triangle pattern for several days, indicating indecision between the bulls and the bears.
The 20-day SMA ($0.000025) has started to turn up gradually, and the RSI is in the positive territory, indicating advantage to buyers. The bulls will try to push the price to $0.000036 and later to the resistance line of the triangle. This level is likely to attract solid selling by the bears.
This positive view will be invalidated in the near term if the price breaks below the 50-SMA. That may attract further selling, pulling the price to $0.000022 and then to $0.000020.
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