Posted 3/26/2024, 2:00:00 PM
BONK Rebounds from Recent Lows; Traders Eye Potential 80% Price Surge if Momentum Holds
- BONK trading activity and trader engagement have increased over the past 3 days after hitting 30-day lows on March 23
- BONK's Relative Strength Index (RSI) has risen from 35 to 57 in 6 days, suggesting the asset is no longer undervalued
- BONK's short-term Moving Averages recently crossed above longer-term lines, signaling a potential new bullish trend
- If BONK breaks past resistance at $0.000036, its price could reach new highs around $0.000047 (an 80% increase)
- However, if BONK fails to hold support, its price could fall back to $0.000019