🚀 Technical Analysis on $BONK

/USDT: Key Levels to Watch 📊

Looking at the BONK/USDT pair, we are currently at 0.00005214 USDT, showing a +1.88% increase in the last 24 hours. Let's dive into the technical outlook and set some key targets for the short-term.

📈 Support & Resistance Levels

Support: The 24h low at 0.00004925 USDT is a critical support zone, where we might see a bounce if the price drops.

Resistance: Watch for the 0.00005444 USDT level to act as resistance. A break above could signal further bullish momentum.

🎯 Target 1: 0.00005500 USDT

A breakthrough above the 0.00005444 USDT resistance could lead us to the 0.00005500 target, a key psychological level. Here, we could expect a retracement or consolidation.

🎯 Target 2: 0.00005700 USDT

If the upward momentum continues, 0.00005700 could be the next target. This level aligns with previous peaks and could trigger some selling pressure as traders take profits.

🎯 Target 3: 0.00006000 USDT

For a more aggressive bullish move, 0.00006000 is a major level to watch. A strong push above this could set the stage for even higher targets in the long run.

Conclusion:

The market is showing signs of upward momentum, but be mindful of key levels like 0.00005444 USDT. Keep an eye on volume and market sentiment for more confirmation before making any trades.

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