Posted 1/9/2024, 12:05:58 PM
BONK Coin Price Plummets 65% From All-Time High After Meteoritic 20,000% Two-Month Surge
- BONK coin price increased 20,000% in 2 months, reaching an all-time high on Dec 15, then dropped 65% since
- Price may have completed a 5-wave Elliott Wave pattern signaling the end of an upward trend
- Technical indicators like RSI showed bearish divergence, supporting wave count
- Cryptocurrency trader criticized community for urging holder not to take $12M profits
- Recent breakout from descending trendline suggests possible relief rally of 80% back to $0.000022-$0.000025 resistance