$BONK

🔥 BONK/USDT Technical Analysis: Is a Breakout Brewing?

The meme coin BONK is trading at $0.00003598, holding steady in an exciting range. After a period of consolidation, the market shows signs of a potential move. Let’s break it down:

Support Zone: The nearest support lies slightly below, around $0.000034, where buyers have previously stepped in to defend the price.

Resistance Level: On the upside, $0.000037 is the key resistance. A breakout above this could push BONK toward its next target at $0.000040 or beyond.

The price action reflects a classic squeeze pattern, with tight candles signaling reduced volatility. For bulls, an entry above $0.000037 with a target of $0.000040 could be promising. For bears, a drop below $0.000034 might signal a short-term dip toward lower levels.

Indicators like RSI and MACD will be critical for gauging momentum. Are we on the brink of a breakout, or will BONK stay range-bound? Keep a close watch – the meme magic might surprise us! 🐾

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