Rally

bullish

2024

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<ul class="wp-block-list news-points">
 <li><strong>BONK is currently consolidating near a key support level at $0.00001801, indicating potential for upward movement.</strong></li>
 <li><strong>A breakout above the descending trendline could target resistance levels of $0.0000627 and $0.0001592, offering significant gains.</strong></li>
 <li><strong>Increased trading volume and open interest in BONK derivatives suggest heightened trader activity and growing market interest.</strong></li>
</ul>
<p>BONK is showing signs of a potential breakout, according to crypto analyst Sheldon The Sniper.&nbsp; He suggests that the meme coin is currently in an accumulation zone, trading below a key weekly trendline. If BONK breaks above this trendline, it could see significant gains, with potential targets of $0.0000627 and $0.0001592.</p>
<p>This bullish outlook is supported by increasing activity in the BONK derivatives market, with trading volume and open interest both on the rise. However, long/short ratios across different exchanges paint a mixed picture of trader sentiment.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> still under the weekly trend and in accumulation zone. Keep a close eye for the break of trend <a href="https://t.co/4twYwhiJ5O" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/4twYwhiJ5O</a></p>— Sheldon The Sniper (@Sheldon_Sniper) <a href="https://twitter.com/Sheldon_Sniper/status/1838615649708577255?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 24, 2024</a>
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<p>The BONK/USDT daily chart reveals a bearish…</p>
<p>The post <a href="https://coinedition.com/bonks-bullish-momentum-a-breakout-could-ignite-a-massive-rally/" rel="noopener noreferrer nofollow">BONK’s Bullish Momentum: A Breakout Could Ignite a Massive Rally</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

BONK’s Bullish Momentum: A Breakout Could Ignite a Massive Rally

Coin Edition

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