$BONK
Planning my trades with a quick analysis of BONK for the second half of December.
From August to early November, BONK was relatively quiet with low volatility. However, from early November to early December, it hit its highest price of the year. Now, there’s a gradual price decline, with resistance at $0.000034. It’s not the $0.00006 from November, but it’s better than the $0.000023 from August.
Current situation:
- Current Price: $0.00003109
- 24-Hour Price Change: Increased by 4.42%
- Short-Term Analysis: Price is fluctuating within a small range, moving slightly up and down, leaning toward a decline.
- Mid-Term: The price will likely stay at this level for a few more days with minor fluctuations.
- Long-Term: A bearish trend continues, with signs of further price drops. There’s no strong resistance zone yet.
Right now, the price feels like it’s in a waiting phase—no significant demand or selling pressure. Further observation is needed. Keep in mind that the token’s price may depend on overall market sentiment.
I hold this token but have decided to keep it for now. Please, always do your own analysis according to your trading strategy.
