Bonk, the meme Solana piece, has remained silent for a whileBut an interesting technical analysis suggests that something interesting could brew on its price action. In recent weeks, the same play has displayed a Increasingly optimistic structureWith its price recovering a level of key support and begins to challenge resistance to general costs.
According to an analyst on the TradingView platform, Bonk has just confirmed a double-back training; And here are the next price targets for the meme cryptocurrency.
Double -bottom reversal and gold cross points with the Bonk price explosion
Technical analysis of the Bonk / Tetherus pair shows that the cryptocurrency of the meme has just confirmed a double-back training, which is one of the most reliable models of reversal in technical analysis. This structure indicates the exhaustion of the lower momentum which characterized the action of Bonk prices since the beginning of the year, and the first stages of a change of bull trend.
The action of Bonk prices is now pushing directly into the descending descending resistance, a major technical ceiling that has rejected its gatherings since the end of December 2024. If this barrier was broken, it would mark a decisive break in the downward trend of months.
In addition, the exponential mobile averages also send a bullish signal. The convergence of the 12-hour EMA-50 and EMA-200 could soon lead to a golden cross, which is an event which generally precedes a strong increase in the rise.
Rise and resistance areas of the keys to monitor
It seems that Bonk is currently on the way to exceed the resistance trend line, but this time with enough conviction. The last time the room even tested this trend was at the end of April when its price was rejected at $ 0.00002179.
This rejection was due to a wave of profits in the light of the ascending trend from the second bottom to 0.00001036 on April 7. The retrace that followed after rejection brought the price back to the key support range between $ 0.0000,155050 and 0.00001425, where it has since rebounded in the last 24 hours.
At the time of writing the editorial staff, Bonk is negotiated at $ 0.0000,1824, up 8.3% in the last 24 hours. The following movement is a thrust of the resistance levels highlighted by the tradingView analyst before an explosive movement.
If the bulls have managed to pierce the general cost resistance area between $ 0.00002,000 and $ 0.00002,100, the next moderate resistance is between $ 0.00002,500 and $ 0.00002750. This range aligns with a projected movement of the double -bottomed pattern and can serve as a staging area for additional consolidation. However, if the bullish impulse continues, in particular at the rear of a golden cross confirmation, the following level to be monitored will be between the area from 0.00003400 to 0.00003700 $. This level has a strong meaning, because it aligns with the retracement of fibonacci at 50% From the level of November 2024.
Bonk star image, tradingView.com graphic
Editorial process Because the bitcoinist is centered on the supply of in -depth, precise and impartial content. We confirm strict supply standards, and each page undergoes a diligent review by our team of high -level technology experts and experienced editors. This process guarantees the integrity, relevance and value of our content for our readers.
