Why BONK’s consolidation could end with THIS double bullish pattern

Quick Summary:

BONK is positioned to benefit from the next bull run as the asset is in an accumulation phase.

The Relative Strength Index (RSI), a measure of price momentum, has bounced perfectly off the neutral line at 50 and stood at 53.89, suggesting upward momentum.

Additionally, Exchange Netflow data indicates unfavorable trends for BONK.

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Author / Journalist: Olayiwola Dolapo

Category: Crypto

Markets: United States

Topics: Trading View News 1 Social News Bonk Memecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-04 @ 00:00:09 (2 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © AMBCrypto

News ID: 24875290

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

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