$BONK /USDT Analysis: Consolidation Around $0.00002911.... $BONK is trading at $0.00002911, down 2.48% for the day, showing signs of consolidation. RSI is at 41.29, reflecting neutral momentum but leaning slightly toward bearish sentiment. Recent price action suggests a narrow trading range with potential for a breakout or breakdown.
Key Levels to Watch:
Resistance: $0.00003030 – A breakout above this level may push BONK toward $0.00003200 and $0.00003350.
Support: $0.00002850 – A breakdown below this could see BONK testing $0.00002750 or even $0.00002600.
Trade Setup:
Long Entry: Above $0.00003030
Targets: $0.00003200, $0.00003350
Stop-loss: Below $0.00002900
Short Entry: Below $0.00002850
Targets: $0.00002750, $0.00002600
Stop-loss: Above $0.00002950
Volume remains subdued, so a breakout may require increased market activity. Monitor closely for directional confirmation.