Is BONK Crypto Ready to Skyrocket? A Look at the Upcoming Alt Season
Dive into the technical analysis of BONK crypto as it experiences significant price movements amidst a stronger market.
Summary
The crypto market is seeing substantial recovery, with all eyes on BONK. Currently, Bitcoin is trading above $94,000, providing relief for altcoins, many of which have gained over 20%.
Quotes
“Classic gap fill from daily trend to daily EMA100 – I discussed this pattern a few days ago in the group. It appears across all timeframes and has proven accurate most of the time.”
Translation: This pattern often shows up across various time periods and is generally reliable.
Analysis
Many traders anticipate that the BONK price is poised for new all-time highs, with several sharing impressive profit-and-loss scenarios from early investments. The right time to enter this rally is still up for debate.
Technical Overview
- Key Zone to Reclaim: $0.0155 to $0.017
- Potential Cup and Handle Pattern: This suggests future growth.
- Projected Entry Point: Around $0.014
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