BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound

TD sequential buy signal hints at BONK’s potential reversal next week BONK’s 2.025 trillion token burn may fuel a supply squeeze and price surge RSI near 30 suggests BONK is oversold, raising chances of a bullish rebound Bonk (BONK) is hinting at a potential rebound after a sharp decline over the past week. Crypto analyst Ali Martinez has pointed out a bullish setup on BONK’s daily chart, suggesting that a price recovery may be coming. The TD sequential indicator, a common tool for spotting trend reversals, has flashed a buy signal, suggesting that the meme coin may be preparing for an upward move. The TD Sequential indicator has flashed a buy signal on the $BONK daily chart, suggesting a potential price rebound ahead! pic.twitter.com/OIg4x4Uhla — Ali (@ali_charts) February 7, 2025 Chart Patterns and Price Targets BONK’s latest price movement suggests the formation of a morning star pattern, a bullish reversal signal that could lead to recovery in the coming week. If this pattern holds true, the price could initially target the S1 pivot level at $0.000028. However, strong resistance at the psychological level of $0.000020 may act as a b… The post BONK Flashes Buy Signal as Token Burn and Technical Indicators Suggest Rebound appeared first on Coin Edition .