$BONK
More pump coming to BONK?😱
Based on the BONK/USDT chart provided (4-hour timeframe):
Key Observations:✅
1.Strong Uptrend: BONK is exhibiting a parabolic rise with a 24-hour gain of approximately +29.70%.
2.Volume Surge: High volume supports the uptrend, indicating strong buying momentum.
3. Resistance and Support Levels:
•Resistance: $0.00005490 (recent high).
•Support: $0.00004250 and $0.00002813.
4.Overbought Conditions: The rapid increase suggests the asset may be entering overbought zones, typically a precursor to short-term corrections.
Bullish Price Predictions:🎯
1.Immediate Target: $0.00005650 - A retest and potential breakout of recent highs.
2.Next Target: $0.00006000 - Psychological resistance level.
3.Extended Rally: $0.00006500 - Continued upward momentum could push towards this level.
4.Aggressive Target: $0.00007000 - If buying pressure sustains.
5.Explosive Move: $0.00007500 - In the case of a strong market rally or positive news.
Bearish Price Predictions:🎯
1.Minor Pullback: $0.00004800 - A healthy retracement from overbought levels.
2.Deeper Correction: $0.00004250 - Testing key support level.
3.Significant Drop: $0.00003500 - Breaching below support could trigger more selling.
4.Major Support Test: $0.00002813 - A fall to this level signals weakening momentum.
5.Bearish Breakdown: $0.00001377 - Retesting previous lows if sentiment turns negative.