BONK Price to Face Consolidation Before Another Breakout
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Bonk (BONK), the Solana-based meme coin, experienced a price surge but is likely to face a brief pause and consolidation. After reaching $0.000028 then falling to $0.000025, the inverted cup and handle pattern on the chart indicates a potential end to the uptrend. Trading volume has decreased and the Weighted Sentiment is bearish at -0.49. Technical indicators such as the RSI and DMI also suggest fading bullish momentum. If these trends continue, BONK's price may consolidate between $0.000022 and $0.000025 before another breakout, potentially targeting $0.000024.
Source: beincrypto.com ↗
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