Bonk (BONK) has broken out of a cup and handle pattern, targeting a rise to 0.000034 USD. Currently, it is consolidating around 0.000023 USD. Technical indicators show strong bullish momentum, supported by rising trading volume.
While the outlook remains positive, traders should watch for overbought signals from the RSI. If the RSI exceeds 70, it may indicate an increased risk of price pullbacks, suggesting traders need to monitor crucial support levels.
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