BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound
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- TD sequential buy signal hints at BONK’s potential reversal next week
- BONK’s 2.025 trillion token burn may fuel a supply squeeze and price surge
- RSI near 30 suggests BONK is oversold, raising chances of a bullish rebound
Bonk (BONK) is hinting at a potential rebound after a sharp decline over the past week. Crypto analyst Ali Martinez has pointed out a bullish setup on BONK’s daily chart, suggesting that a price recovery may be coming.
The TD sequential indicator, a common tool for spotting trend reversals, has flashed a buy signal, suggesting that the meme coin may be preparing for an upward move.
Chart Patterns and Price Targets
BONK’s latest price movement suggests the formation of a morning star pattern, a bullish reversal signal that could lead to recovery in the coming week. If this pattern holds true, the price could initially target the S1 pivot level at $0.000028.
However, strong resistance at the psychological level of $0.000020 may act as a b…
The post BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound appeared first on Coin Edition.
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BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound
Share:
- TD sequential buy signal hints at BONK’s potential reversal next week
- BONK’s 2.025 trillion token burn may fuel a supply squeeze and price surge
- RSI near 30 suggests BONK is oversold, raising chances of a bullish rebound
Bonk (BONK) is hinting at a potential rebound after a sharp decline over the past week. Crypto analyst Ali Martinez has pointed out a bullish setup on BONK’s daily chart, suggesting that a price recovery may be coming.
The TD sequential indicator, a common tool for spotting trend reversals, has flashed a buy signal, suggesting that the meme coin may be preparing for an upward move.
Chart Patterns and Price Targets
BONK’s latest price movement suggests the formation of a morning star pattern, a bullish reversal signal that could lead to recovery in the coming week. If this pattern holds true, the price could initially target the S1 pivot level at $0.000028.
However, strong resistance at the psychological level of $0.000020 may act as a b…
The post BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound appeared first on Coin Edition.
Read More
Top Three Crypto Stocks to Watch Ahead of US CPI This Week