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The post BONK Stabilizes at $0.00004002: What’s Next for the Meme Coin? appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Recent trading activity indicates that BONK is maintaining stability at the critical $0.00004002 support level. This stabilization comes after a period of downward pressure, raising speculations of a rebound on the horizon. With bulls showing signs of resilience, the stage is set for a comeback that could redefine BONK’s near-term trajectory. Will this level be the springboard for a recovery, or is further consolidation needed before the next move?<h2 id="header-0">Support Holds Steady: Signs Of A Bullish Rebound</h2>As market sentiment teeters between caution and optimism, determining the<a href="https://cryptosnewss.com/category/meme-coin/" rel="noopener noreferrer nofollow"> meme coin’s</a> recent hold at the $0.00004002 support level is crucial in order for investors and traders to reevaluate their positions ahead of potential volatility.On the 4-hour chart, BONK is exhibiting a steady upward trajectory despite trading below the 100-day Simple Moving Average (SMA). After rebounding strongly from the critical $0.00004002 support level, the asset is making strides to extend its gains, aiming toward the $0.00006247 resistance zone. A successful breach above the 100-day SMA could further validate its recovery, possibly opening the door to higher levels.Read also: <a href="https://cryptosnewss.com/xrp-and-dogecoin-see-significant-price-movements/" rel="noopener noreferrer nofollow">XRP and Dogecoin See Significant Price Movements</a>Also, the formation of the 4-hour Relative Strength Index (RSI) reveals a resurgence in buying pressure and a shift toward a more bullish market sentiment. When the RSI rises and reaches 50%, it could confirm its upside movement, giving BONK the strength to push higher and test key resistance levels.<h2 id="header-1">BONK Performance On The Daily Time Frame</h2>BONK is showing signs of a potential upward movement on the daily chart, staying above the 100-day SMA after a rebound at the $0.00004002 support level. Its maintenance above this support provides a foundation for further growth. If BONK can maintain its position above this level and continue building momentum, it could pave the way for a breakout and more upside movement.Furthermore, the daily RSI shows signs of a rebound, maintaining a steady position above the 50% threshold. The continued trend above this level implies that the asset is in a favorable position for more gains, with the possibility of a sustained rally. Should the RSI continue to climb, it could indicate growing confidence among traders and signal positive price action for the meme coin.Thus far, BONK is at a pivotal moment, having found stability above the $0.00004002 support level and the daily 100-day SMA. If Bonk can sustain its position above this support and build on its current momentum, a potential recovery could be underway, possibly driving the price toward the $0.00006247 resistance level and beyond. Nonetheless, failure to maintain $0.00004002 may alter the meme coin’s direction to the downside, causing it to retest lower support zones such as $0.00002962 and $0.00002320.The post <a href="https://cryptosnewss.com/bonk-stabilizes-at-0-00004002-whats-next-for-the-meme-coin/" rel="noopener noreferrer nofollow">BONK Stabilizes at $0.00004002: What’s Next for the Meme Coin?</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

BONK Stabilizes at $0.00004002: What’s Next for the Meme Coin?

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