Key point:
The 24 -hour income from Solana Memecoin Letbonk raised $ 1.04 million on Monday, almost twice the pump revenues.
The price of Bonk (Bonk) has recovered sharply since the launch of Letbonk on April 25. Could the rally continue? Let’s analyze the graphics to find out.
Bonk pricing prediction
Bonk increased from $ 0.000011 on June 22 and collected impulse after breaking over mobile averages on Friday.
The 20 -day exponential mobile ($ 0.000017) has begun to appear, and the relative force index (RSI) is in the positive territory, indicating that bulls have an advantage.
If buyers do not give much land to the bears, the Bonk/USDT PAR could reach the resistance to the general expenses of $ 0.000026. This is a significant level to take into account because a break will complete a double background pattern. The pair can rise to the pattern of $ 0.000041.
The 20 -day EMA is crucial support to take into account at the disadvantage. A break below the 20 -day EMA could keep the torque within the range of $ 0.000011 to $ 0.000026 for some time.
Related: Sol Price ‘Bull Chart’ is aimed at $ 300 since the probabilities of approval of the ETF of Solana reached 99.7%
The couple has retired below 20-EA in the 4-hour table, indicating the profit reserve by short-term buyers. The torque could be submerged at the 50% fibonacci setback of $ 0.000020, where buyers are expected to intervene. If the price recovers from $ 0.000020, the Bulls will try again to drive the torque above $ 0.000024.
On the other hand, if the price skates below $ 0.000020, the torque could reach 50 SMA. It is likely that a deeper correction delay the resumption of the UP movement.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
