• Bonk dangers deeper corrections as you strategy the confluence zone close to 0.5 fib and 200 ema
• Pengu Eyes $0.0317 Assist after weakening resistance and bullish quantity
• ENA consolidates after a steep decline, consolidating $0.5170 and $0.4608 as key retracement targets

After a pointy decline within the final 24 hours, a number of well-known altcoins are testing key assist zones. Standard tokens like Bonk, Pengu and ENA are prone to revisit deeper Fibonacci retracement ranges, doubtlessly providing key areas of potential bounce.

These targets embody FIB zones of 0.382 and 0.5. This usually serves as a strong inversion level through the correction stage. As bearish pressures develop, traders are actually wanting carefully at these ranges.

Bonk struggles to surpass key assist

Bonk (Bonk) was destroyed at 0.00003388 under the 0.236 Fibonacci stage, and noticed a notable sale. At the moment, the value is hovering at round $0.00003,007, with short-term assist near $0.00003,146. This decline marked an 11.48% lower over 24 hours, representing a lack of 15.78% over the previous week.

One other disadvantage is that in cooperation with a retracement stage of 0.382, it might ship bonk to $0.00002959. If gross sales pressures intensify, the following main goal is at 0.5 FIB stage of 0.5002612. This stage additionally converges with 200 EMA and creates a confluence zone. If that assist fails, $0.00002265 (0.618) would be the subsequent cease.

Associated: Document massive income in 2025 below 5 circumstances below $1

Importantly, current quantity spikes recommend an enhancement of exercise pushed primarily by sellers. To regain a bullish foothold, you’ll need to regain $0.00003388 in a powerful buy.

Pengu assessments resistance earlier than deeper pullback

Pudgy Penguins (Pengu) additionally confronted a distinguished resistance of practically $0.047, inflicting rejection and setback. At the moment, costs are buying and selling round $0.03784 after a 8.46% decline within the final 24 hours. I misplaced 7.50% in every week.

At the moment, Pengu is testing assist at a 0.236 Fibonacci stage of $0.0376. The breakdown from right here opens the door to $0.0317 (0.382 FIB), adopted by $0.0271 (0.5 FIB). It’s additional confirmed that lowering the quantity will weaken the momentum.

Associated: After Bitcoin’s historic $10,000 breakout, the highest 5 altcoin leaders seem

Nevertheless, bounces from present ranges might push again costs and retest the $0.047 resistance. The principle low assist is discovered at $0.0225 and $0.0160.

ENA reaches Fibonacci clusters close to $0.5170

Eseina (ENA) exhibits early indicators of a retreat after a powerful gathering. As of press time, the value was $0.5727, reflecting a 14.56% decline. Curiously, the token nonetheless holds a rise of 12.86% over the previous week.

Costs are examined at 0.236 Fibonacci Zone at $0.5867. If this fails, $0.5170 (0.382 FIB) and $0.4608 (0.5 FIB) are key assist. Specifically, the 0.618 stage at $0.4045 is carefully aligned with the 200 EMA, forming a vital zone of inversion.

A break under $0.4045 might lengthen the loss to $0.3244. The amount is low and sign integration, however these deeper retracement zones might supply engaging entries if momentum returns.