Read

<p class="is-style-lead">BONK retraced to $0.00002150, just shy of our recommended entry range of $0.000020-$0.000021. While the exact target of $0.000021 was not hit, the price did get very close to the predicted range by reaching $0.0000215.</p> 
<p>If traders entered the position at $0.0000215 and exited at our first profit target of $0.000026, the trade would have yielded a 20.93% return over a five-day period. Despite the slight variation in the entry point, the overall trend followed our predictions closely.</p> 
<p> Read more: <a href="https://crypto.news/chart-of-the-week-is-bonk-about-to-skyrocket/"> Chart of the Week: Is BONK about to skyrocket? </a> </p> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14282835"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/BONKUSD_2024-07-03_17-53-35.png.webp"> 
  <img loading="lazy" decoding="async" width="2166" height="1452" src="https://crypto.news/app/uploads/2024/07/BONKUSD_2024-07-03_17-53-35.png" alt="Our BONK price prediction results in a 21% return in just 5 days - 33"> 
 </picture> 
 <figcaption class="wp-element-caption">
  TradingView: Price Range
 </figcaption>
</figure> 
<p>Analyzing the macro-level low on June 24 and the high on July 2, Fibonacci analysis indicates the golden pocket lies between $0.00002129 and $0.00002158. BONK effectively bounced off this level, establishing it as support before rallying.</p> 
<figure class="wp-block-image size-full is-resized">
 <picture loading="lazy" decoding="async" class="wp-image-14282839" style="width: 100%;height:auto"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/BONKUSD_2024-07-03_17-53-30.png.webp"> 
  <img loading="lazy" decoding="async" width="2166" height="1452" src="https://crypto.news/app/uploads/2024/07/BONKUSD_2024-07-03_17-53-30.png" alt="Our BONK price prediction results in a 21% return in just 5 days - 34"> 
 </picture> 
 <figcaption class="wp-element-caption">
  TradingView: Fibonacci Retracement
 </figcaption>
</figure> 
<p>For those who were cautious and entered at our secondary recommendation of $0.000025, exiting at $0.000026, the trade still resulted in a 4% gain.</p> 
<h2 class="wp-block-heading" id="market-outlook">Market Outlook</h2> 
<p>Currently, market conditions exhibit significant uncertainty. We advise against initiating new positions in BONK in the near term.</p> 
<h2 class="wp-block-heading" id="final-notes">Final Notes</h2> 
<p>The effectiveness of the Chart of the Week analysis will continue to manifest in the long term, but the prediction success rate currently stands at 100%. Stay tuned for future analysis each Friday.</p> 
<div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-3 wp-block-columns-is-layout-flex"> 
 <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:100%"> 
  <div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex"> 
   <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:100%"> 
    <p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
   </div> 
  </div> 
 </div> 
</div>

Our BONK price prediction results in a 21% return in just 5 days

Table of Contents

crypto.news

Other articles published on Jul 3, 2024

Trading Crypto in Nigeria: A Beginner’s Guide to Digital Gold

Solana Memecoin Trump the Felon Skyrockets 8,100% and Will Explode 18,000% Before KuCoin Listing,...

New utility-based memecoin Shiba Shootout nears $500k at presale

Indian Crypto Exchange CoinCDX Acquires Dubai-Based BitOasis to Further its Global Expansion Plans

Dogwifhat Attracts Investors on Solana

Crypto Airdrops with Simple Requirements

Join our free newsletter for daily crypto updates!