Bonk Price tests the 200-day sliding average (SMA) near USD 0.0000238. This level acted as an ideal resistance through the previous downward trend. Data from TradingView confirm that the value is now approaching this zone again.
Bonk Prize goals on the 200-day SMA resistance. Source: Tradingview/ X
Crypto Analyst Cryptos6 shared on X that the Bonk Prize is exposed to a very important technical point. He found that the 200-day SMA is a long-term indicator that many dealers use to judge the direction of trend. The diagram shows how bonk presses into this line after months of side or bear movements.
In the early Q1, Bonk recently touched the 200-day SMA, but didn’t keep it. The current price campaign shows a brand new pressure from buyers, with the bonk price increasing from lower areas. If the bonk price moves above this SMA, the trend can change.
Bonk Breakout zone near 0.000000348 Fibonacci Level
Cryptos6 identified the retracement level of 0.5 fibonaccement at $ 0.000000348 as the subsequent essential zone. This level follows the bonk 200-day SMA. The bonk diagram shows a limited resistance between the present bonk price and this Fibonacci area.
He described Bonk's technical setup as “clean”, which implies that there are clear diagram levels for monitoring support and resistance. According to TradingView, Bonk is now $ 0.00000021. The move to $ 0.0000238 brings it near a critical breakout area.
Dealers often observe the extent of 0.5 fibonacci since it reflects the middle between the recent ups and downs. BONK BREAKOUT conditions increase when price and volume are aligned, especially if the typical key figures are tested.
Bonk volume increases when the technical setup is aligned
Cryptos6 emphasized that the bonk volume has increased within the last meetings. The table shows that this increase within the bonk volume matches the present test of the 200-day SMA. Bonk volume increases are sometimes thought to be early signs of market activities.
He added that Bonk -Prize, trend structure and past diagram behavior form an identical pattern. Bonk Breakout behavior up to now has followed the buildup phases with an increasing bonk volume. The current trade activity is comparable to those conditions.
Data from TradingView show that Bonk equips itself on the 200-day SMA and other movable average values. Bonk Technical Setup shows trend strength that builds up for this level, whereby Bonk volume also supports the shift.
Bonk Price Squeeze under resistance area
The bonk price forms a narrow range below the resistance zone. This squeeze appears in Bonkusdt Daily Chart. Bonk held almost $ 0.000021 for several sessions and pushed upwards towards the 200-day SMA.
Cryptos6 noted that when it reaches 0.00000025 US dollars, Bonk could trigger a pointy movement. His statement referred to a possible vertical increase based on the diagram structure. The bonk price level between $ 0.000025 and $ 0.00004 has not been tested for earlier backings.
The bonk diagram in TradingView shows a compression pattern that always occurs before the direction of the value campaign. The Technical Setup of Bonk continues to point out essential resistance levels that act as short -term goals.
