The post BONK Price Breakout Overcomes Correction, Eyes 40% Upside appeared first on Coinpedia Fintech News
With buyers reclaiming the strong footing over the 50-day EMA, the meme coin is signaling multiple entry opportunities with the most recent breakout. As the BONK price overcomes the pullback phase, the resistance trendline breakout results in a price jump.
Despite the quick jump last week, the uptrend in the BONK price is ready for a trend reversal this month. With such high anticipations, check out our Bonk price prediction to find out the potential high formation of this Solana-based meme coin in 2024.
Source – Tradingview
Rising above the 50% Fibonacci level, the BONK price is displaying a trend reversal rally gaining momentum. With the bullish comeback from the 61.80% Fib level breaking above the overhead resistance trendline, the meme coin concludes the prevailing pullback phase.
Further, the double bottom reversal from the 61.80% Fib level accounts for 32% in the last s
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