Bonk (BONKUSD) Price Forecast: January 17
BONKUSD is now facing the positive side. The coin might hit the above-mentioned resistance level soon as it holds a recovery opportunity with bullish sentiment at the moment. Therefore, if the bulls could trigger their forces in the market, the potential recovery could rise 9.35% and challenge the neckline resistance of $0.00002300 which could expose the coin price to reach the $0.00002400 upper high level and beyond. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $0.0000140, $0.0000141, $0.0000142
Support Levels: $0.0000100, $0.0000099, $0.0000098
BONK (USD) Long-term Trend: Bullish (4H Chart)
The BONKUSD pair remains in the bullish market zone and might hit the $0.00002400 high level soon in its medium-term view. The market price staying above the resistance trend line confirms its bullishness and the high impact of the bulls.
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in its recent price level.
The momentum remains in an uptrend despite the push from the short traders, the bulls made touch at the $0.00001421 high mark above the EMA-50 as the 4-hourly chart resumes today. This trend pattern proves the impact of bullishness on the crypto and might hit the previous high at the $0.00002300 level soon if the bulls could put more pressure on their recovery pattern.
In addition, the momentum indicator shows that the price of Bonk will still bounce up, so the price distribution of BONKUSD might hit the $0.00002400 high level and beyond soon in its long-term outlook.
BONK (USD) Medium-term Trend: Bearish (1H Chart)
Bonk prices are traded below the moving averages which confirms its bearishness in the medium-term time frame. This is due to the high inflow from the sell traders. However, the coin price might hit the $0.00002400 high mark soon as the bulls are now set to take us higher. 
The high order flow from the bears during the previous action also added to this bearishness. However, it seems that the bulls are about to take over and push us higher.
The crypto having completed the dip-lows responded to the shift in the trend and increased to the $0.00001424 supply mark below the EMA-50 as a pullback shortly after the commencement of the 1-hourly chart today.
Thus, a potential breakout from this trend line could intensify the bullish momentum and the price of BONKUSD might hit the $0.00001799 previous high.
Having said that, if the bullish momentum persists, a breakout above this combined resistance with candle closing may push the price of Bonk to hit the $0.00002400 upper resistance value in the days ahead which will signal a strong buy signal for interested traders in its medium-term time frame.
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