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<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> 
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  <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"> 
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  TradingView: Price Range
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<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
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</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> 
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    <p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
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Our BONK price prediction results in a 21% return in just 5 days

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