$BONK has one big wall left 👀
BONK just made a strong 14% move and finally broke out of the downtrend that had been holding price down for weeks.
But I wouldn’t call it a full breakout yet.
There’s still a major horizontal resistance zone in front of BONK. If price gets a clean candle close above this area, the next move could become very interesting.
The key levels I’m watching are $0.00000516 first, followed by $0.00000831. That would be a massive move from current levels. 🚀
Momentum is also supporting the bulls. MFI is around 65, while Parabolic SAR remains below price, showing buyers still have control.
The main warning is spot selling. Netflow is still positive, but it has dropped from around $772K to $532K, meaning selling pressure is starting to cool.
So for me, the setup is simple: break the resistance = bigger leg up. Rejection = possible short-term pullback. 👀
#bonk #sideways #BullRunAhead