$BONK /USDT Technical Analysis & Market Update
Current Price: $0.00001787 (-2.14%)
BONK is experiencing some selling pressure after reaching a high of $0.00001826. The price is currently trading just above the 7-day MA at $0.00001776, the 25-day MA at $0.00001768, and the 99-day MA at $0.00001770, indicating a potential consolidation phase.
Resistance is identified at $0.00001798, and a break above this level could lead to further gains. On the downside, support is observed at $0.00001742, with a break below this level potentially triggering a pullback.
Long Trade: Enter above $0.00001798, then Targets: $0.00001820, $0.00001850
Short Trade: Enter below $0.00001742, then Targets: $0.00001720, $0.00001700
