BONK indicators were bullish but in the next two weeks, it was likely to trade within a range outlined by the liquidity pockets.
BONK faced rejection at the $0.0000293 resistance level on the 24th and 25th of April, and it was a key Fibonacci level as well.in the crypto market last week and saw a large boost to its trading volume. It conveyed market conviction, but the sentiment has quickly been muted.
The Fibonacci retracement levels plotted based on BONK’s early March rally showed that BONK was trading just below the 61.8% level.Source: BONK/USDT on TradingView BONK faced rejection at the $0.0000293 level on the 24th and 25th of April. It was a key Fibonacci level, one that had previously served as resistance in late March.The higher timeframe market structure would only flip bearishly should prices drop below the swing low at $0.0000176.The RSI was at 56 and the CMF was at +0.1. Together, they highlighted bullish momentum and strong capital inflows.
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