Double a 120 % dual -bottom pattern is hinting because the distinctive symbol Trump urges 900 meters
The Bonk price rose to $ 0.25 on Friday, an increase of 9 % in the past three days, as Bulls regained control after 7 days in a row last week. While technical indicators show the additional bullish capabilities, Trump tons
Bonk price recovery begins after a week loss chain
Bonk Price has seen a severe volatility as the Solana Memecoin’s ecosystem has become a ready -made speculation this week.
After a slow start, Bonk Bulls regained control of the weekend, as it reflected a seven -day loss series that saw a 30 % decrease after Trump’s inauguration.
After a 30 % sharp decrease last week, the Bonk price bounced on Wednesday, with 9 % from $ 0.22 to $ 0.26 over the past three days.
Renewed renovations of this interest in the distinctive symbol, as merchants took the opportunity to re -enter the market.
Market morale also played a role in this apostasy.
With Solana Memecoins attracting increasing attention, Bonk saw renewed optimism despite the broader uncertainty in the encryption market.
As of February 1, Bonk merchants remain an observer of more developments surrounding Altcoin ETFS, which can increase institutional capital towards Solana.
Bonk sizes have decreased by 80 % since the TROMP Tokeen launch
While the major market events-including Trump’s support for encryption, the fluctuation of the MIMEN sector, the Federal Reserve Policies of the United States, the definitions, and the headlines of the American Infection Organization, have struggled with Bonk to maintain traction amid Trump’s market transformations.
The launch of the Mimi icon on January 20, on January 20, was significant on the scene of Memecoin in Solana, which led to market fluctuations and the change of market dynamics.
Within 24 hours of launch, the Trump code rose to the maximum market of $ 12 billion, overcoming the dominant Ponk position.
While Trump has since faced corrections since then, he still holds a $ 4.9 billion rating, which is the maximum of $ 1.8 billion market withdrawal.
The shift in the allocation of capital has affected negatively on the basics of the Bonk market, especially the trading volume.
SantimTrading volume trends indicate a significant decrease in Bonk’s liquidity since the TROMP Tokeen launch. On January 19, 1.2 billion Bonk icons were circulated. This number has since decreased to only 220 million symbols circulated on January 31 – a decrease of 83 %. This decline indicates a decline in the investor’s interest in hegemony and the weakening of hegemony, as the Trump code exceeds the market share.
The sharp decrease in trading volume often indicates the weakest momentum, making it difficult for Bonk to maintain significant gains.
If the investor’s request remains perverted towards Trump, Bonk may struggle to break the main resistance levels.
Hence, with the presence of $ Trump icon to actively infringe on the market share, Bonk’s recovery may still be slow, although a feeling of definition in the media surrounding MEMECOINS based in Solana.
Bonk Price Expectations: Double Floor Feat 0.57 dollars, but there is hunting
Bonk’s price schemes currently depict a classic dual -bottom pattern, indicating a possible upper reflection with an expected goal near 0.00005500. However, despite this optimistic composition, the downward pressure is still dominant.
The price is currently trading at $ 0.000024, and is struggling to restore VWAP at $ 0.000026, which is the critical level that can determine the next directional step.
The failure to break this dynamic resistance keeps the risks of the negative side high, with a weak boy momentum failure to maintain gains.
Although a simple recovery, the last 9.93 % bounce lacks the strong size required to confirm a sustainable reflection.
The broader trend remains declining, strengthening a 30 % decreased decrease over the past seven days.
The decisive closure above VWAP can accelerate the momentum towards the psychological barrier of 0.00426.
On the contrary, failure to maintain higher than 0.00002400 may call the additional downside, which extends the losses to 0.00002128 or less.
Related questions (common questions)
The dual bottom pattern offers a bullish outbreak to $ 0.000055, but the weak and resistant size at $ 0.0026 pays doubts about its feasibility in the short term.
The high symbol of Trump’s liquidity transformed, causing a Bucker trading volume by 83 %, weakening the momentum and making it difficult to preserve.
The resistance is 0.000026 dollars and 0.00003426 dollars, while support sits at 0.002128 dollars. Failure to restore VWAP can lead to more negative pressure.
Ibrahim
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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