Main point:

Solana Memeco Launcad Letsbonk revenues increased over 24 hours to $ 1.04 million on Monday, nearly twice the revenue of the pump.

The Bonk (Bonk) price has risen sharply since letsbonk was launched on April 25. Can the gathering continue? Let’s analyze the plans to find out.

Predicting price bonk

Bonk rose from $ 0.0011 on June 22 and got a momentum after breaking the average average on Friday.

The SIA moving average for 20 days ($ 0.000017) began to appear, and the RSI index in the positive area, indicating that the bulls are in an advantage.

If buyers do not give up a lot of land, the Bonk/USDT pair may reach a public resistance of $ 0.000026. This is an important level to view it because the rest over it will complete a double bottom pattern. The husband may rise to the goal of the style of $ 0.000041.

The 20 -day EMA is the decisive support to monitor it on the downside. The EMA collapse for 20 days can retain the husband within a scope of $ 0.000011 to 0.000026 dollars for some time.

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The husband fell below 20-ema on the graph for a period of 4 hours, indicating the profit reservation by buyers in the short term. The pair can decrease to the level of Fibonacci’s re -imitation by 50 %, which is $ 0.000020, as buyers are expected to intervene. If the price recovery is $ 0.000020, the bulls will try again, pushing the pair above 0.000024 dollars.

Instead, if the price is less than $ 0.000020, the pair may reach 50-SMA. It is possible to delay the deepest correction of the resumption of the emerging step.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.