๐ $BONK
/USDT Technical Analysis ๐
The market for BONK/USDT is showing some interesting price movements. After experiencing a -2.87% drop in the last 24 hours, traders are eyeing potential levels for entries. Letโs take a closer look at the key levels and targets for this pair!
๐ Current Price: 0.00004841 USDT
Key Resistance Levels:
1. 0.00005300 ๐ด โ If the price breaks above this level, we could see a potential bullish breakout. Watch closely for a strong close above it for confirmation.
2. 0.00004950 ๐ก โ The near-term resistance where price may face some consolidation. A push through this level could signal a continuation of the upward trend.
3. 0.00004700 ๐ข โ A critical support level. If BONK/USDT retraces, this could be a strong point of buying interest. Watch for a bounce from here!
๐ Price Action: Over the last 24 hours, BONK has touched a low of 0.00004738 and failed to break higher than the 0.00005300 resistance. If the market shows strength, we may see a test of the 0.00004950 level before moving to the higher resistance.
๐ Trading Volume: With 4.65T BONK traded in the last 24 hours, and 231.49M USDT in volume, liquidity is solid, but price action is volatile. Tight risk management and close monitoring are key.
๐จ Next Steps:
Look for a bullish confirmation above 0.00004950.
Set buy orders near 0.00004700 for a potential bounce.
Keep an eye on the 0.00005300 resistance to gauge if a breakout is in play.
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