The post BONK Price Analysis Targets $0.00000350 if Buyers Clear Channel Resistance appeared on BitcoinEthereumNews.com.
BONK Price Analysis Targets are $0.00000350 when buyers clear channel resistance. BONK’s price has dropped 1.75% in the past 24 hours and currently sits near $0.00000310, according to BONK price analysis. Notably, BraveNewCoin records a $0.00000304 to $0.00000318 range, leaving the price near its lower half. Price has come in for price compression now over two different timeframes. The daily chart is set up for BONK to break the channel resistance, and intraday money flow is negative after a late bounce. BONK Price Analysis Tests Channel Resistance BONK is moving towards recovery from a minor August low of $0.00000220 on the daily chart, as seen on X by GB Crypto. Since then, the price has begun to make a rounded move towards breaking down a high-timeframe resistance level. That trendline appears near the $0.00000335 to $0.00000350 region. If it fails to close above that, then the trend of lower highs since July will continue. The buyers have not confirmed a breakout. This chart reveals a consolidation pattern instead of the formation of a bullish expansion, as BONK continues to trade below the line. Source: GB Via X Three Fibonacci support levels have been drawn below the market by the analyst. They stand at $0.00000295, $0.00000278, and $0.00000253. If I had $0.00000295, I would keep it. If I had $0.00000295, I would hold on to that. The $0.00000278 level may be a lower low if the move continues back to it. A loss of $0.00000253 would make that structure vulnerable and bring the August bottom on the table. GB Crypto is showing about a 20% pullback from its level of preferred support. In the same post, the potential 10x upside to another lower high is shown. But there’s no actual price target for that case on the chart. Daily Market…