Crypto Express

07/08 07:39

BONK crypto charges toward May highs

The move beyond $0.000018 on the 5th of July was the first true sign of recovery.

In a recent report, AMBCrypto highlighted the bullish short-term expectations for BONK. This has come to pass, evidenced by the strong rally beyond the $0.00002 round-number resistance.

The OBV soared past the highs from May, and the trading volume bars showed remarkable daily trading volumes over the past few days.

This surge in demand could push BONK crypto prices toward the $0.000025 level, the price high from May. The Fibonacci levels showed that the 23.6% extension level at $0.0000298 was a viable price target for the bulls.

However, traders and investors must remember that the weekly chart was bearish, until the $0.000026 region could be flipped to support.

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