Sharp Pullback Observed: BONK price experiences a significant dip, dropping over 20%.
Retest at $0.000020: Despite the pullback, there's a hint of a potential reversal around the $0.000020 level.
Potential for Price Breach: If buyers re-emerge at the retest point, BONK market price could potentially break through the $0.000036 mark.
Market Retest Phase: Aligning with Bitcoin's weekend dip, altcoins, including BONK, enter a retest phase, possibly refueling the ongoing recovery rally.
Optimistic Outlook: Despite the recent gains and subsequent pullback, the Bonk price prediction remains positive, buoyed by its listing on prominent exchanges and increasing community interest.
4-Hour Chart Analysis: BONK's price trend, after reaching a high of $0.000025, faces rejection, leading to a pullback. The evening star pattern indicates a fall below the $0.000025 level.
Weekend Volume Impact: The pullback coincides with lower weekend volumes and a broader market correction.
Technical Indicators - RSI: RSI in the 4-hour chart suggests a breather phase, with a minor increase in selling momentum, yet the overall trend is still positive.
BONK’s Future Trajectory: Despite the current dip, the BONK price is trading at $0.000024793, forming a Doji candle, which could indicate a turnaround.
Fibonacci Levels in Focus: Trend-based Fibonacci levels suggest a retest could go down to $0.000020, with a potential rebound up to $0.000053.
Retest at $0.000020: Despite the pullback, there's a hint of a potential reversal around the $0.000020 level.
Potential for Price Breach: If buyers re-emerge at the retest point, BONK market price could potentially break through the $0.000036 mark.
Market Retest Phase: Aligning with Bitcoin's weekend dip, altcoins, including BONK, enter a retest phase, possibly refueling the ongoing recovery rally.
Optimistic Outlook: Despite the recent gains and subsequent pullback, the Bonk price prediction remains positive, buoyed by its listing on prominent exchanges and increasing community interest.
4-Hour Chart Analysis: BONK's price trend, after reaching a high of $0.000025, faces rejection, leading to a pullback. The evening star pattern indicates a fall below the $0.000025 level.
Weekend Volume Impact: The pullback coincides with lower weekend volumes and a broader market correction.
Technical Indicators - RSI: RSI in the 4-hour chart suggests a breather phase, with a minor increase in selling momentum, yet the overall trend is still positive.
BONK’s Future Trajectory: Despite the current dip, the BONK price is trading at $0.000024793, forming a Doji candle, which could indicate a turnaround.
Fibonacci Levels in Focus: Trend-based Fibonacci levels suggest a retest could go down to $0.000020, with a potential rebound up to $0.000053.