BONK explodes 23%: Can this ‘GOD candle’ rally hold strong?

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BONK explodes 23%: Can this ‘GOD candle’ rally hold strong?
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BONK has taken the crypto market by storm, skyrocketing by an impressive 23% and printing what analysts call a “GOD candle.”

has taken the crypto market by storm, skyrocketing by an impressive 23% and printing what analysts call a “GOD candle.”

Additionally, the MACD indicator pointed to a robust upward movement, as the MACD line remained significantly above the signal line. Furthermore, BONK’s Average True Range indicator revealed a notable increase, underscoring elevated volatility in recent sessions.Consequently, it’s essential for traders to approach the meme coin with a strategy that accounts for potential price swings.The press time Long/Short Ratio showed a slight bullish inclination, with 52.89% of traders going long versus 47.11% short. Therefore, while optimism leads, a strong presence of shorts suggests caution among traders.

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