Analysis of meme coins BONK and FLOKI suggests potential surges if they break through critical price levels. Analysts are closely monitoring these coins due to technical patterns and key resistance levels. Notably, both coins are approaching important thresholds that could trigger substantial price movements.
What you'll learn 👉
BONK: Ascending Triangle Indicates Potential Breakout
Crypto analyst Dami-Defi has highlighted a bullish pattern forming in BONK’s price chart. The analyst tweeted,
“$BONK is accumulating inside an ascending triangle. Once this resistance gets broken, $BONK will fly.”
This pattern is a bullish indicator in technical analysis. In BONK’s case, the resistance zone is identified between $0.000035 and $0.00004.
BONK is trading near the resistance zone at $0.00002984. A breakout above this level could potentially trigger a price surge.
The primary support level for BONK is currently around $0.00002000, as indicated by the ascending trend line. This level has been tested multiple times, demonstrating its significance. Conversely, the resistance zone is crucial for potential upward movement.
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FLOKI: Bulls Await Break Above Key Resistance
Crypto Tony points out that FLOKI is approaching a crucial resistance level of $0.00019000. The meme coin has tested this level multiple times, indicating strong selling pressure. Moreover, bulls are waiting for a daily close above this resistance to confirm a potential breakout.
Additionally, the chart analysis for FLOKI shows a recent downtrend reversed since mid-June. The coin is forming higher lows and higher highs, suggesting a possible uptrend. Key support levels are near $0.00013500 and $0.00012500.
A decisive break above $0.00019000 with strong volume could trigger a bullish move, aligning with the “full send” sentiment expressed by Crypto Tony.
Both BONK and FLOKI are approaching critical price levels that could determine their short-term future. Monitoring these levels closely will be crucial for identifying potential breakout opportunities.
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