๐ฅ BONK/USDT on Fire: Can the Memecoin Rally Continue? ๐
Buckle up, BONK traders! The $BONK/USDT pair is currently trading at 0.00003903, showcasing an impressive 12.97% gain. This memecoin has captured traders' attention with its recent price action, and the chart reveals multiple crucial levels that could shape its future trajectory.
=> Range-Bound Scenario:
- Support: 0.00003604, 0.00003500
- Resistance: 0.00003956, 0.00003974, 0.00004100
If the price remains contained within the range of 0.00003500 (support) and 0.00004100 (resistance), traders might consider employing range-trading strategies. Buying near the support levels of 0.00003604 or 0.00003500 and selling around the resistance at 0.00003956, 0.00003974, or 0.00004100 could yield potential profits. However, a breakout from this range could trigger more significant moves.
=> Bullish Outlook: ๐
- Immediate Resistance: 0.00003956, 0.00003974
- Major Resistance: 0.00004100, 0.00004200, 0.00004500
- Target: 0.00005000 (psychological
