$BONK ( $BONK CHART )

The meme coin built on the Solana blockchain holds above two key levels, the 20 Exponential Moving Average (EMA) (in blue) at $0.000011199 and the 50 EMA (in red) at $0.0000115.

Several four-hour candlestick closes above the moving average could further steady the uptrend for the subsequent climb above the 200 EMA (in purple) at $0.00001266.

The Relative Strength Index (RSI) hints at a potential upswing, suggesting a price climb above the yellow resistance band near $0.000015.

This supports the idea of a bullish run. But hold your horses – the RSI at 61, while moving up, doesn’t guarantee smooth sailing. The overall market’s shaky footing means caution is still key.

While Bonk’s future is uncertain, its explosive rally last year can’t be ignored. With the Bitcoin halving approaching, a potential bull run is on the minds of many investors. If that happens, Bonk could indeed soar alongside other altcoins, even aiming for a lofty (but not impossible) target of $1.

ALWAYS DYOR AND NFA TRADE WITH CONFIDENT ✌️✌️👍👍😉😉