📊 Technical Analysis of $BONK

on Binance

As $BONK navigates through a recent dip, traders should focus on key support and resistance levels to inform their strategies.

1. Support Level: Currently, $BONK is testing the support around $0.000005. Holding above this level is crucial for maintaining bullish sentiment.

2. Target 1 (Reclaiming Momentum): A successful bounce off the support could set the stage for a rally towards $0.000006. This level would signify a reclaim of momentum and could attract more buyers.

3. Target 2 (Resistance Break): Should momentum build, our next target is $0.000007. Breaking this resistance would confirm a bullish trend and could open the door for further gains.

4. Target 3 (Extended Upside): If BONK manages to push past $0.000008, we may see a more significant rally, potentially targeting $0.00001. This would represent a substantial shift in market sentiment.

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