The $BONK market shows interesting dynamics in the last 24 hours with a significant increase of +13.41%, reaching a price of 0.02548 USDT. The 24-hour trading volume stands at 459.9 million, signaling high investor interest.

Looking at the chart, we notice a recovery from the low of 0.013588 USDT, suggesting a likely accumulation. The short-term moving averages (MA 5, 10, and 30 days) confirm this trend with a bullish crossover in progress.

Technical Analysis

  • Key Levels:

    Main support: 0.0220 USDT (previous 24h low).

    Immediate resistance: 0.0278 USDT.

  • Volume :

    Rising transaction volumes support positive momentum.

    Strong buying volume could lead to a test of the 0.0278 USDT resistance.

  • Ratio Long/Short :

    The overall position ratio is 0.9725, indicating a slight dominance of shorts. However, a reversal could fuel a bullish move.

    Here are the actions I take

  • Entrance :

    Gradual buy near the 0.0220 USDT support, in case of a return to this level.

    An aggressive entry can be considered at the current price, with an adjusted stop-loss.

  • Release Objectives:

    Take Profit 1: 0.0278 USDT (immediate resistance).

    Take Profit 2: 0.0300 USDT (medium term upside potential).

  • Risk Management:

    Place a stop-loss below the 0.0215 USDT support to limit losses.

Why Invest Now?

Positive Sentiment: Significant growth in volumes reflects increased investor confidence.

Futures Funding Rates: Data suggests high open interest, signaling opportunity in this market.

Technical Analysis: A short-term bullish pattern seems likely.

Conclusion

The $BONK token offers an interesting opportunity for active short-term investors. However, strict risk management is crucial due to the volatility of cryptocurrencies. This strategy can be adjusted based on market developments and real-time data.

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