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BONK Poised For Liftoff As Bulls Target Long-Term SMA Breakout
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BONK Poised For Liftoff As Bulls Target Long-Term SMA Breakout

Godspower Owie
Godspower Owie
3 weeks ago
3 mins read
BONK

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According to crypto analyst CryptoS6, BONK is approaching a critical juncture as it tests the 200-day Simple Moving Average (SMA) at approximately $0.0000238, a level that has historically acted as a strong resistance during downtrends. A decisive break and sustained move above this long-term indicator could signal a significant trend reversal, effectively marking the end of BONK’s prolonged bearish phase. CryptoS6 emphasizes that reclaiming this level would validate bullish momentum and reestablish buyer dominance, setting the stage for an extended rally.

Breaking The Long-Term SMA: Why This Level Matters

In a recent update on X, popular crypto analyst CryptoS6 pointed out that BONK is flashing signs of a significant technical shift. The price is currently testing the 200-day SMA at $0.0000238, an area widely regarded as a major trend-defining level. Reclaiming this zone would mark BONK’s first serious bullish reversal since early Q1, signaling that buyers are regaining control after months of sideways or bearish pressure. Such a shift in control could ignite renewed investor interest and set the stage for an extended rally.

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What makes the setup even more interesting is the minimal resistance standing between the current price and the 0.5 Fibonacci retracement level at $0.0000348. According to CryptoS6, this area often becomes a magnet for breakout-driven momentum, creating room for swift upward moves. If BONK can firmly close above the 200-day SMA, the probability of a stronger rally increases dramatically, as traders are likely to pile in behind the move.

BONK
BONK’s uptrend strengthening | Source: CryptoS6 on X

CryptoS6 didn’t hold back from making a bold projection either. He suggested that BONK’s chart is setting the stage for what could be a “God Candle” explosive move, a vertical price move that would rapidly push he token from $0.000025 to $0.00004. 

BONK 3-Way Confirmation: Volume, Trend & History Say ‘Go’

CryptoS6 firmly emphasized that a combination of growing volume, strong trend alignment, and striking historical pattern symmetry reinforces the case for a major breakout in BONK.  The recent surge in volume is not just noise; it reflects increasing market participation and suggests that accumulation is underway, often a precursor to a significant price move. Meanwhile, BONK’s price action is aligning with key moving averages, particularly as it eyes a reclaim of the 200-day SMA, a critical indicator of long-term trend shifts.

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BONK Flashes Buy Signal After Crashing 40% In One Week – Time To Get In?

3 months ago

In conclusion, CryptoS6 described the setup as “clean,” meaning the chart offers a well-defined structure and reliable levels for both entry and risk management. With momentum continuously building and minimal resistance ahead, the risk/reward profile remains highly favorable.

BONK
BONK trading at $0.000021 on the 1D chart | Source: BONKUSDT on Tradingview.com
Featured image from Shutterstock, chart from Tradingview.com
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Godspower Owie
Godspower Owie

Godspower Owie

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

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My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

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I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

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