Technical Analysis for BONK/USDT on Binance - Three Key Targets to Watch ๐ŸŽฏ

As BONK/USDT continues to show strong momentum, let's dive into the technical analysis and identify three key targets to monitor for potential trading opportunities.

๐Ÿ“Š Current Price: 0.00002198 USDT (+20.97%)

The BONK token has been gaining traction, up 20.97% in the past 24 hours, making it a notable meme coin to watch on Binance. Here's a breakdown of potential price targets based on recent market activity:

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๐ŸŽฏ Target 1: Support at 0.00001903

Level to Watch: 0.00001903

This level is aligned with the SAR (Stop and Reverse) indicator. A strong support zone that could act as a bounce point if the price retraces.

Action: Buyers may look for an entry point here if the price pulls back towards this level, with a potential to push back up towards the higher targets.

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๐ŸŽฏ Target 2: Resistance at 0.00002226

Level to Watch: 0.00002226

The 24-hour high represents a key resistance zone. If BONK breaks above this level, we may see further upside momentum.

Action: Sellers may start to take profit around this level, but if broken, this could lead to more aggressive buying pressure and the next target.

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๐ŸŽฏ Target 3: Psychological Level at 0.00002300

Level to Watch: 0.00002300

A psychological resistance level where traders often look for exits. This level could mark the peak for the current rally.

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$BONK