In the first half of October, BONK has been defending key price support. Can bulls eye the 25% potential gain?
Can bulls use it to enter the market with a 25% gain at stake?has been defending crucial support in October, raising prospects of a likely upside for the memecoin.
But the pullback stayed above $0.000022, a key support in Q2/Q3 . Could bulls tap extra profit from the memecoin in the short-term?On the daily charts, the immediate bullish target was at $0.000028. With the religious defense of the previous $0.000022 support, BONK could aim at the immediate target.Should the recovery extend to the next target at $0.0000034, 54% gains could be feasible. The chart indicators supported the bullish thesis.
But a decline below $0.000022 support would invalidate the bullish thesis. Such a drop could drag BONK to $0.000015.Smart traders on Binance exchange were net long on the memecoin, further underscoring wild expectations of upside price reversal.
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