📊BONK/USDT Technical Analysis and price prediction 📉

Current Price: $0.00003193 🚀 (+20.81%)

The BONK chart on the 4-hour timeframe displays a strong bullish trend, with prices hitting a high of $0.00003425 before experiencing a slight pullback. Let’s analyze the technical indicators:

🔍 Bollinger Bands

The price has pushed past the upper Bollinger Band at $0.00003190, indicating a strong upward momentum. This suggests high buying interest, though it also signals potential volatility ahead.

💹 RSI Levels

• RSI(6): 74.61 (approaching overbought levels)

• RSI(12): 73.31 (overbought)

• RSI(24): 70.91 (overbought)

With all RSI values above 70, BONK is in the overbought zone, indicating a possibility of consolidation or a minor correction soon.

📊 MACD

The MACD line at 0.00000215 is trending above the signal line (DEA) at 0.00000166, showing a bullish crossover. This further supports the ongoing upward momentum.

🔥 Volume

There’s a noticeable surge in trading volume, reaching over 1 trillion, which reinforces the strength of this uptrend. A sustained increase in volume can drive BONK towards new highs.

📈 Doc’s Prediction

If the bullish momentum holds, BONK could aim to retest its recent high of $0.00003425 and potentially push toward the $0.000035 mark. However, with overbought conditions, a minor pullback to the support level at $0.00002839 is also likely before the next upward move.

⚠️ Note: Traders should watch for a correction or consolidation due to high RSI levels. Momentum remains bullish, but caution is advised for new entries.

$BONK

#WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Devcon2024 #HaveYouBinanced