BONK successfully held key support in October, paving the way for subsequent gains. After rising 65% in September, although there was a correction in early October, it did not fall below the important defense line of $0.000022, which is also a key support for the second and third quarters.

Currently, the short-term bullish target is set at $0.000028. If it is successfully reached, investors can expect to gain about 25%. If it continues to rebound and reaches $0.000034, the increase will reach 54%. From a technical perspective, the stochastic RSI has reversed from the oversold area, indicating that upward momentum is accumulating.

However, it should be noted that once the support level of $0.000022 is lost, it may pull back to $0.000015. Liquidity data also shows that $0.000022 is a key area, accumulating a large number of leveraged long positions.

Bollinger Bands show that market volatility has weakened, but the potential for a rebound still exists. Although RSI is in the neutral zone, it is gradually recovering, and buying is strengthening, which may push BONK to continue to rise.

Although BONK is under market pressure at present, the key support is solid and market sentiment is also improving. If the buying power continues to increase, it is expected to break through the resistance level of $0.00002445. Of course, it is still necessary to be cautious and pay close attention to price trends.

I am willing to share my bull market strategy layout, share experience for free, and seize the opportunity with me.