🚨 BONK Price Analysis: Key Levels to Watch! 🚨

Below is a detailed analysis of the BONK/USDT pair based on the 4-hour chart. This will help you make informed trading decisions.

Resistance level:

- The main resistance is at 0.00003430 USDT.

- Immediate resistance is at 0.00002863 USDT.

- Secondary resistance at 0.00002598 USDT.

Support level:

- Major support at 0.00001500 USDT.

- Immediate support at 0.00001999 USDT.

Volume profile analysis:

- POC (Point of Control) is at 0.00002238 USDT, indicating high trading volume levels.

- High volume nodes around 0.00002227 USDT and 0.00001999 USDT, act as support levels.

RSI indicator:

– RSI is at 52.47, indicating neutral momentum.

- A break above 60 could indicate bullish momentum.

- A drop below 38 could signal bearish momentum.

Bottom line:

- Watch for a break above 0.00002598 USDT to confirm the bullish trend.

- A drop below 0.00001999 USDT could signal further downside risks.

- Watch the RSI for momentum changes.

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