- BONK sell orders suggested there was a lot of liquidity in the north.
- The lower timeframe demand zone could yield a positive response.
Bonk [BONK] rallied past the highs it set on the 15th of December. This breakout saw the bulls take prices to the $0.0000477 level, 36% above the previous high. Since then, prices have retraced lower.
A demand zone was identified, but it remains to be seen whether BONK could rebound and climb higher, or whether prices would decline further. The order book provided some clues.
The lower timeframe demand zone
Source: BONK/USDT on TradingView
On the 4-hour timeframe, BONK saw some consolidation at the $0.0000312-$0.0000342 region on the 4th of March. It retested the same area in a few hours before press time. The 12-hour chart showed that momentum and market structure remained strongly in favor of the buyers.
If the demand zone highlighted in cyan was defended, BONK could likely rally toward the $0.0000509 Fibonacci extension level. A drop below $0.00003 would signal a structure break in the 1-hour timeframe and could see BONK prices fall.
The buying volume has been remarkable over the past few days. As things stand, a major correction was the inference from the charts.
The limit sell orders were thick
Source: MobChart
AMBCrypto’s analysis of the MobChart order book data showed that there were multiple limit sell orders worth more than $100k to the north.
Realistic or not, here’s BONK’s market cap in BTC’s terms
In particular, the $0.000045 and $0.000048 were stiff resistances. They had $550k and $932k worth of limit sell orders respectively.
To the south, the $0.00003 and $0.000028 support levels had $318k and $187k worth of limit buy orders respectively. This meant that if the sellers seized the upper hand, they could force prices lower relatively quickly.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
- BONK sell orders suggested there was a lot of liquidity in the north.
- The lower timeframe demand zone could yield a positive response.
Bonk [BONK] rallied past the highs it set on the 15th of December. This breakout saw the bulls take prices to the $0.0000477 level, 36% above the previous high. Since then, prices have retraced lower.
A demand zone was identified, but it remains to be seen whether BONK could rebound and climb higher, or whether prices would decline further. The order book provided some clues.
The lower timeframe demand zone
Source: BONK/USDT on TradingView
On the 4-hour timeframe, BONK saw some consolidation at the $0.0000312-$0.0000342 region on the 4th of March. It retested the same area in a few hours before press time. The 12-hour chart showed that momentum and market structure remained strongly in favor of the buyers.
If the demand zone highlighted in cyan was defended, BONK could likely rally toward the $0.0000509 Fibonacci extension level. A drop below $0.00003 would signal a structure break in the 1-hour timeframe and could see BONK prices fall.
The buying volume has been remarkable over the past few days. As things stand, a major correction was the inference from the charts.
The limit sell orders were thick
Source: MobChart
AMBCrypto’s analysis of the MobChart order book data showed that there were multiple limit sell orders worth more than $100k to the north.
Realistic or not, here’s BONK’s market cap in BTC’s terms
In particular, the $0.000045 and $0.000048 were stiff resistances. They had $550k and $932k worth of limit sell orders respectively.
To the south, the $0.00003 and $0.000028 support levels had $318k and $187k worth of limit buy orders respectively. This meant that if the sellers seized the upper hand, they could force prices lower relatively quickly.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
clomid for sale uk how to get cheap clomid price can i order cheap clomiphene without a prescription clomid without insurance how to get clomiphene tablets can you get generic clomiphene without rx where can i buy generic clomid tablets
I couldn’t turn down commenting. Adequately written!
Proof blog you have here.. It’s hard to on high quality writing like yours these days. I truly recognize individuals like you! Take vigilance!!
buy generic zithromax over the counter – ciplox without prescription buy flagyl 200mg generic
order rybelsus 14mg pills – semaglutide 14 mg cheap order periactin 4mg for sale
domperidone canada – flexeril over the counter buy cyclobenzaprine sale
cost augmentin 375mg – https://atbioinfo.com/ order ampicillin without prescription
esomeprazole online – https://anexamate.com/ buy nexium paypal
coumadin 2mg price – https://coumamide.com/ hyzaar oral
meloxicam drug – https://moboxsin.com/ meloxicam oral
deltasone 10mg uk – https://apreplson.com/ prednisone 40mg pill
online ed pills – fast ed to take best place to buy ed pills online
order amoxil for sale – amoxicillin oral amoxicillin online order
forcan over the counter – https://gpdifluca.com/# fluconazole medication
lexapro 20mg oral – https://escitapro.com/ order lexapro pills
cenforce pills – https://cenforcers.com/ order cenforce 100mg
tadalafil (exilar-sava healthcare) version of cialis] (rx) lowest price – ciltad gn what to do when cialis stops working
zantac 300mg drug – site order zantac 300mg generic
sildenafil 50 mg price at walmart – click sildenafil 50mg coupon
More posts like this would prosper the blogosphere more useful. https://buyfastonl.com/isotretinoin.html
This is the big-hearted of criticism I truly appreciate. site
I am in truth happy to glance at this blog posts which consists of tons of profitable facts, thanks towards providing such data. https://ursxdol.com/cialis-tadalafil-20/
The thoroughness in this break down is noteworthy. https://prohnrg.com/product/priligy-dapoxetine-pills/
I am in truth delighted to gleam at this blog posts which consists of tons of profitable facts, thanks object of providing such data. fildena livraison rapide
More posts like this would add up to the online elbow-room more useful. https://ondactone.com/product/domperidone/
More posts like this would make the online play more useful.
https://doxycyclinege.com/pro/dutasteride/
This is the tolerant of enter I unearth helpful. http://www.haxorware.com/forums/member.php?action=profile&uid=394306
order dapagliflozin 10 mg online – brand dapagliflozin buy dapagliflozin 10mg generic
buy xenical without prescription – janozin.com cheap orlistat
Proof blog you procure here.. It’s severely to espy elevated status writing like yours these days. I truly respect individuals like you! Withstand care!! https://myrsporta.ru/forums/users/pmpny-2/