$BONK ⭐

📊 Technical Analysis of BONK/USDT – January 9, 2025

Looking at the current market for BONK/USDT, the pair is showing some intriguing price action. After a slight pullback of -5.20%, here's a breakdown of the key levels to watch and potential targets 🎯.

🔍 Current Price: 0.00002771 USDT (approx. Rs0.0077)

24h High: 0.00002934 USDT | 24h Low: 0.00002681 USDT

📈 Key Technical Levels and Targets:

1. Target 1: 0.00002934 USDT (Resistance)

The recent high of 0.00002934 is a critical resistance level. If BONK/USDT breaks this level, expect a potential continuation toward higher price levels. Watch for a breakout with significant volume to confirm the upward momentum.

2. Target 2: 0.00002854 USDT (Support/Resistance Flip)

As the market approaches this zone, it could act as a short-term resistance or support, depending on the overall trend. A bounce here could push the price higher towards the 24h high, but a breakdown might indicate a deeper retracement.

3. Target 3: 0.00002681 USDT (Strong Support)

If the price declines further, the 0.00002681 USDT mark could act as strong support, given its role as the low for the past 24 hours. A rebound from this level could set the stage for a potential reversal and recovery.

Indicators to Watch:

Volume: Keep an eye on the 24h volume, which is currently 1.78T BONK. High volume during a breakout or bounce at key levels is critical for confirming trends.

Moving Averages: The MA(5) is currently at 53,560,195,179, and the MA(10) is at 35,988,389,861. These moving averages suggest potential resistance around the current levels.

📅 Time Frame: 15m, 1h, 4h, 1D

Keep monitoring these levels and adapt your strategy as price action unfolds. Happy trading! 🚀