Technical Analysis for BONK/USDT on Binance - Three Key Targets to Watch šÆ
As BONK/USDT continues to show strong momentum, let's dive into the technical analysis and identify three key targets to monitor for potential trading opportunities.
š Current Price: 0.00002198 USDT (+20.97%)
The BONK token has been gaining traction, up 20.97% in the past 24 hours, making it a notable meme coin to watch on Binance. Here's a breakdown of potential price targets based on recent market activity:
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šÆ Target 1: Support at 0.00001903
Level to Watch: 0.00001903
This level is aligned with the SAR (Stop and Reverse) indicator. A strong support zone that could act as a bounce point if the price retraces.
Action: Buyers may look for an entry point here if the price pulls back towards this level, with a potential to push back up towards the higher targets.
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šÆ Target 2: Resistance at 0.00002226
Level to Watch: 0.00002226
The 24-hour high represents a key resistance zone. If BONK breaks above this level, we may see further upside momentum.
Action: Sellers may start to take profit around this level, but if broken, this could lead to more aggressive buying pressure and the next target.
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šÆ Target 3: Psychological Level at 0.00002300
Level to Watch: 0.00002300
A psychological resistance level where traders often look for exits. This level could mark the peak for the current rally.
