Technical Analysis of BONK/USDT with Trend Prediction for the Next 2 Hours

Trend

- Moving Average (MA)

- MA(7): 0.00003289 USD

- MA(25): 0.00003208 USD

- MA(99): 0.00002950 USD

BONK's current price is 0.00003296 USD, above all three MA lines, indicating a strong uptrend. MA(7) and MA(25) continue to increase, reflecting continuous price increase in the short term. MA(99) shows a long-term uptrend.

- Resistance level

- The nearest resistance level is 0.00003449 USD. If the price breaks above this level, it is likely to continue rising towards higher resistance, like $0.00003500.

- Support level:

- The nearest support level is 0.00003205 USD. If the price falls below this level, the next support will be around 0.00003025 USD.

Candlestick Analysis

Recent candles show a bullish trend after hitting the support level around 0.00003025 USD. Green candles are longer than red candles, showing strong buying power from the market.

Predict Trends In The Next 2 Hours

- **Short-Term Uptrend**:

- With strong support from trading volume and MA lines, it is predicted that in the next 2 hours, BONK is likely to continue to increase in price. If the price breaks above the resistance at 0.00003449 USD, the uptrend could resume with the next target at 0.00003500 USD.

- Adjustment Scenario:

- In case of a correction, the price could retest the support level of 0.00003205 USD. However, given the trading volume and current trend, the possibility of a recovery from this support level is high.

Conclude

Over the next 2 hours, the mainstream trend of BONK/USDT is likely to continue to the upside, with key resistance at 0.00003449 USD. If this level is crossed, the price could reach zero.00003500 USD and vice versa #BONK/USDT $BONK