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Coin Edition 2025-02-08 06:30:00

BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound

BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound

TD sequential buy signal hints at BONK’s potential reversal next week BONK’s 2.025 trillion token burn may fuel a supply squeeze and price surge RSI near 30 suggests BONK is oversold, raising chances of a bullish rebound Bonk (BONK) is hinting at a potential rebound after a sharp decline over the past week. Crypto analyst Ali Martinez has pointed out a bullish setup on BONK’s daily chart, suggesting that a price recovery may be coming. The TD sequential indicator, a common tool for spotting trend reversals, has flashed a buy signal, suggesting that the meme coin may be preparing for an upward move. The TD Sequential indicator has flashed a buy signal on the $BONK daily chart, suggesting a potential price rebound ahead! pic.twitter.com/OIg4x4Uhla — Ali (@ali_charts) February 7, 2025 Chart Patterns and Price Targets BONK’s latest price movement suggests the formation of a morning star pattern, a bullish reversal signal that could lead to recovery in the coming week. If this pattern holds true, the price could initially target the S1 pivot level at $0.000028. However, strong resistance at the psychological level of $0.000020 may act as a b… The post BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound appeared first on Coin Edition .

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