BONK Price Surged Amid 10-Month Consolidation: Is It Ready to Fly?
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• BONK price has surged by 200% in the past 2 weeks.
• The 24-hour trading volume has increased by 108%, which shows new engagement.
Bonk’s (BONK) price has triggered a breakout from a wedge pattern with massive buying pressure. It has climbed by 200% in the last two weeks and has reached an all-time high (ATH) today (Nov 20).
The chart structure has displayed single-directional moves for the past few days. The BONK price has triggered a pullback in the short term and has surged by 15% in 12 hours.
With a powerful upward advance, this breakout stood out from the previous downtrend and resistance levels inside the wedge.
The 200-day moving average, or EMA, indicated that the BONK price eventually broke above. It maintained its position following multiple touches and rejections from this moving average.
BONK Price Prediction Based on Chart
The BONK price has experienced a significant price surge in a short period, breaking through key resistance levels. It reached an all-time high.
The strong trading volume and positive technical indicators suggested that the momentum could continue, encouraging further investment. However, traders must monitor critical support and resistance levels closely.
If BONK can maintain its price above critical thresholds, it may lead to new highs. Conversely, any movement below the established support levels could trigger profit-taking and increased selling pressure.
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