$BONK

Key Observations

Price Action: The price is currently trading at $0.00003153 with a 24-hour low of $0.00003148.

Volume: The 24-hour volume is 1.74T for BONK and 56.60M for USDT.

Moving Averages:

MA(25) is at 0.00003222, indicating a slight downward trend in the short term.

MA(99) is at 0.00003369, suggesting a more significant downward trend in the mid-term.

MA(200) is at 0.00003844, implying a longer-term bearish trend.

Bollinger Bands: The Bollinger Bands are quite wide, indicating high volatility. The price is currently below the lower band, suggesting a potential oversold condition.

MACD: The MACD line is below the signal line, suggesting a bearish trend.

RSI: The RSI is below 50, indicating that the asset is oversold.

STOCHRSI: The STOCHRSI is also below 50, further confirming the oversold condition.

Trend Analysis

Short-Term (15m, 1h, 4h): The short-term trend appears to be bearish, as indicated by the downward sloping MA(25) and the price being below the lower Bollinger Band.

Mid-Term (10, 30 Days): The mid-term trend is also bearish, supported by the downward sloping MA(99) and the overall negative MACD.

Long-Term (90 Days, 1 Year): The long-term trend is also bearish, as evidenced by the downward sloping MA(200).

Support and Resistance Levels

Support:

The current price of $0.00003153 could act as a support level.

The lower Bollinger Band at 0.00002997 could also provide support.

Resistance:

The MA(25) at 0.00003222 might act as resistance.

The upper Bollinger Band at 0.00005400 could also serve as a strong resistance level.

Overall Outlook

Based on the current indicators, the overall outlook for BONK is bearish. However, the oversold conditions suggest that a potential rebound could occur. Traders should monitor the price action closely and be cautious about entering long positions until the trend shows signs of reversal.

Disclaimer: don't agree with me do your investment at your own research and risk.