$BONK

/USDT Technical Analysis 🎯

Current Price: $0.00004179 (-12.08%)

BONK, the popular meme token, is showing significant volatility with potential trading opportunities. Here's a detailed breakdown of its price action and key targets for short-term traders:

Key Support and Resistance Levels

Support Level 1 (S1): $0.00004100

Support Level 2 (S2): $0.00003850

Resistance Level 1 (R1): $0.00004500

Resistance Level 2 (R2): $0.00004900

Targets 🎯

1️⃣ Target 1: $0.00004500 (Short-term recovery possible if the support at $0.00004100 holds strong. Watch for volume spikes.)

2️⃣ Target 2: $0.00004900 (A key resistance level where sellers are likely to dominate. Breaking this could spark bullish momentum.)

3️⃣ Target 3: $0.00005500 (The next major psychological resistance, achievable if market sentiment improves and demand surges.)

Indicators Analysis

RSI: Oversold, suggesting potential for a bounce.

MACD: Bearish, but weakening downward momentum.

Moving Averages: BONK is trading below the 50-MA, indicating caution for buyers.

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