#RideTheKaiaWave
Technical Analysis of $BONK/USDT ~
The current price of BONK/USDT is 0.00003148,
and is trading within a clear descending channel in the short
term.
A strong support is identified at 0.00002773 (0.786 Fibonacci retracement level).
If the price rebounds from this support and exits the channel,
the following targets can be expected:
T1: 0.00004395
T2: 0.00005058
T3 0.00005693
A breakout above these levels could potentially lead to
123!^ gains.
However, failure to breakout could lead the price to
retest the support at 0.00002773,
with a possible decline towards 0.00002272 as a stop
loss area.
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