According to crypto analyst CryptoS6, BONK is approaching a important juncture because it exams the 200-day Simple Moving Average (SMA) at roughly $0.0000238, a stage that has traditionally acted as a robust resistance throughout downtrends. A decisive break and sustained transfer above this long-term indicator may sign a major development reversal, successfully marking the tip of BONK’s extended bearish section. CryptoS6 emphasizes that reclaiming this stage would validate bullish momentum and reestablish purchaser dominance, setting the stage for an prolonged rally.
Breaking The Long-Term SMA: Why This Level Matters
In a current update on X, common crypto analyst CryptoS6 identified that BONK is flashing indicators of a major technical shift. The value is presently testing the 200-day SMA at $0.0000238, an space extensively thought to be a serious trend-defining stage. Reclaiming this zone would mark BONK’s first critical bullish reversal since early Q1, signaling that consumers are regaining control after months of sideways or bearish stress. Such a shift in management may ignite renewed investor curiosity and set the stage for an prolonged rally.
What makes the setup much more fascinating is the minimal resistance standing between the present value and the 0.5 Fibonacci retracement stage at $0.0000348. According to CryptoS6, this space typically turns into a magnet for breakout-driven momentum, creating room for swift upward strikes. If BONK can firmly shut above the 200-day SMA, the chance of a stronger rally will increase dramatically, as merchants are prone to pile in behind the transfer.
CryptoS6 didn’t maintain again from making a daring projection both. He urged that BONK’s chart is setting the stage for what may very well be a “God Candle” explosive transfer, a vertical value transfer that may quickly push he token from $0.000025 to $0.00004.
BONK 3-Way Confirmation: Volume, Trend & History Say ‘Go’
CryptoS6 firmly emphasised {that a} mixture of rising quantity, robust development alignment, and hanging historic sample symmetry reinforces the case for a serious breakout in BONK. The current surge in quantity is not only noise; it displays rising market participation and means that accumulation is underway, typically a precursor to a major value transfer. Meanwhile, BONK’s value motion is aligning with key shifting averages, notably because it eyes a reclaim of the 200-day SMA, a important indicator of long-term development shifts.
In conclusion, CryptoS6 described the setup as “clean,” which means the chart provides a well-defined construction and dependable ranges for each entry and threat administration. With momentum repeatedly constructing and minimal resistance forward, the danger/reward profile stays extremely favorable.
