Bonk (BONKUSD) Price Forecast: December 14
BONKUSD holds a recovery opportunity with a bullish reversal pattern. The coin may rally up to level $0.0000150 as it faces the upper channel. The potential breakout from the immediate resistance of $0.0000139 will give additional confirmation for a bullish recovery if the bulls can increase their efforts in the market.
Key Levels:
Resistance Levels: $0.0000128, $0.0000129, $0.0000130
Support Levels: $0.0000120, $0.0000119, $0.0000118
BONK (USD) Long-term Trend: Bullish (1H Chart)
The long-term market value of Bonk is moving in a bullish direction. During yesterday’s session, the pair rallied up and held the $0.0000118 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
Today’s 1-hour bullish candle at $0.0000129 supply value above the moving averages confirms the bulls’ dominance in the market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.
Furthermore, the price of BONKUSD may rise further if the bulls can push harder; if this is achieved, the price may rally up to the $0.0000150 resistance level in the coming days and beyond in the long-term time frame.
BONK (USD) Short-term Trend: Bullish (15-Minutes Chart)
In the medium term, the coin is also showing a bullish posture. The BONKUSD price can be seen rallying above the EMA-50; this is due to the large inflow of long traders.
The increase in the momentum by the bulls at the $0.0000119 supply value during the past session has enabled the Bonk price to stay strong above the resistance lines in recent times.
The market price of BONKUSD has just broken up the EMA-50 at the $0.0000129 supply level as the 15-minute chart opens today. This will give the crypto a high tendency to further rally up.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.0000135 previous high, the resulting rally may hit the $0.0000150 psychological level at the upside in the days ahead in its medium-term perspective.
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