BOND Weekly Chart
Bonded Finance currently sits at a market cap of $10M, making it a very small cap, high risk, high potential altcoin. With a previous high at $0.093 in March, BOND has a room of 250% to reach its previous high. For BOND to be ready for a bigger rise, BOND needs to close above $0.029 this week to form a bullish engulfing candle.
BOND Daily Chart
In addition, the MACD on the daily chart looks bullish, and with the recent rise of about 18%, BOND price may have found its bottom at $0.0224. The next significant resistance is at the 0.382 Fib level at $0.493, which lifts the price 85% above current levels. Once the price breaks bullishly, BOND could rise to the next key resistance at the Golden Ratio at $0.068.
BOND 4H Chart
The 4H chart also looks bullish as both the RSI and MACD have formed a bullish divergence, which could provide the impetus for a larger upside move. In case of a sudden downturn, the BOND price will find its next important support levels at $0.012 – $0.017.
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