🚀🚀 Bonk Price Breaks 2-Month Consolidation Amid Market Rally! What’s Next?
#BONK Memecoin Targets $0.000047 After Breaking Key Resistance!
The crypto market has been on fire, with nearly $400 million in liquidations over the past 24 hours. Bitcoin and Ethereum alone accounted for $218 million of this, signaling a massive shake-up. Currently, the market's open interest stands at $69.12 billion, with a trading volume of $212.01 billion in the past day. The liquidation volume hit $387.26 million, and the long-short ratio is at 2.46, showing a strong bullish sentiment.
Bonk’s Breakout:
Since late April, Bonk has been on a bullish trend, maintaining a price above $0.000013. This led to a 148% surge, with the price now at $0.0000328.
Chart Patterns & Analysis:
Inverted Head and Shoulders: This bullish pattern suggests a potential prolonged recovery.Recent Performance: Bonk 7.8% jump today, breaking the crucial $0.00003 resistance.
What’s Next for $BONK?
If this breakout holds, we could see the price rally to $0.000047, and potentially $0.0000712.
Technical Indicators:
EMAs (20, 50, 100, 200): Sharp upward movement indicates strong buying activity.Average Directional Index (ADA): A 23% rise suggests strong momentum for further gains.
Stay tuned as Bonk continues to make waves in the market! 🌊🚀
