Here’s a technical analysis for $BONK /USDT based on the provided data:🔥🔥🚀🚀🚀🚀🎯🎯
Current Price: 0.00003617 USDT (+2.44% in 24h)
24h High: 0.00003803 USDT
24h Low: 0.00003478 USDT
Key Levels:
Support Levels:
First Support: 0.00003478 USDT (recent low)
Second Support: 0.00003545 USDT (SAR support)
Resistance Levels:
First Resistance: 0.00003803 USDT (24h high)
Second Resistance: 0.00003782 USDT (SAR level)
Trade Signal & Momentum:
Momentum: The current price shows a positive momentum (+2.44%) over the last 24 hours, indicating upward pressure. However, the price is still below key resistance levels.
Buy Signal:
Entry Point: Consider buying near 0.00003545 to 0.00003478 USDT if the price shows signs of holding above the support area.
Stop Loss: Set a stop loss at 0.00003450 USDT to minimize risk if the price breaks the support.
Target Levels:
Target 1: 0.00003700 USDT (short-term resistance zone)
Target 2: 0.00003782 USDT (SAR resistance)
Target 3: 0.00003803 USDT (24h high)
Trade Momentum:
The price is showing upward momentum, but with some possible consolidation around the resistance levels. Watch for a breakout above 0.00003782 to confirm continuation to higher targets.
If the price fails to break resistance at 0.00003782, consider potential short-term sell signals or wait for a retest at lower support levels.
