Main Points:
Solana Memecoin Launchpad Letsbonk’s 24-hour Income has climbed to $ 1.04 million On Monday, the pump.fun revenue was nearly twice as much as $ 533,412, according to data combined with the Defillama’s decentralized financial platform.
Bonk’s (Bonk) The price has been raging strongly since Letsbonk launch on April 25. Can the rally continue? Let’s review the charts to find out.
Bonk price prediction
Bonk turned from $ 0.000011 on June 22 and took Momentum after ruining more than moving averages on Friday.
The 20-day exponential transfer of average ($ 0.000017) began to turn up, and the relative index index (RSI) was in the positive territory, indicating that the bulls were at an advantage.
If consumers do not get a lot of land on the bears, the bonk/USDT pair can reach the overhead resistance of $ 0.000026. This is a significant level to guard because a rest above it will complete a double pattern underneath. The pair can climb the target pattern of $ 0.000041.
The 20-day EMA is the important support to guard the downside. A break below the 20-day EMA can keep the pair within $ 0.000011 to $ 0.000026 range within a few hours.
Related: Sol Price target ‘Bull Chart’ is $ 300 while Solana ETF’s approvement hit 99.7%
The pair returned to the bottom of the 20-em in the 4-hour chart, indicating the reservation of income of short-term consumers. The pair can sink to a 50% level of Fibonacci’s reeneration of $ 0.000020, where consumers are expected to enter. If the price bounces $ 0.000020, the Bulls will try again to drive the pair above $ 0.000024.
Instead, if the prices of skids below $ 0.000020, the pair can reach 50-sma. A deeper correction is likely to delay the continuation of the move movement.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
