BONK Price Eyes Breakout After Rising Above Crucial Point
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BONK's price reached $0.000033 on July 21 but declined to $0.000025 within days. An unsuccessful attempt to regain $0.000030 led to further losses. While trading at $0.000027, a bullish reversal is possible if it stays above the 20 EMA. Increased buying pressure and rising volatility could push BONK higher. BONK is above the 61.8% Fibonacci retracement level, indicating potential for a rebound. The Awesome Oscillator shows weakening downward momentum, suggesting prices may rise to $0.000030 if bullish control prevails. However, if bearish pressure dominates, BONK could fall to $0.000026 or $0.000024.
Source: beincrypto.com ↗
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