Technical Analysis for $BONK
/USDT:💯🔥
Current Price: 0.00003535 USDT
Trend: Currently showing an upward movement (+4.22% in the last 24 hours)
Support Level: 0.00003333 (24h Low) - Critical support to hold.
Resistance Level: 0.00003604 (24h High) - Breaking above could lead to a further uptrend.
Momentum: Positive, with a modest daily change (+0.26%) and good trade volume (19.52B BONK).
Volume: Strong trading volume suggests active participation and possible continuation of upward momentum.
Trade Signal:
Bullish bias is in place based on the positive price change and higher volume, signaling potential upward movement.
Target Levels 🎯:
1. Target 1: 0.00003565 – Immediate resistance level, possible short-term upside.
2. Target 2: 0.00003650 – Key resistance zone, if momentum persists
3. Target 3: 0.00003700 – Strong bullish continuation level if the trend continues.
Trade Momentum:
Buy signal: For a push towards 0.00003565 with momentum confirmation.
Risk: If the price falls below the support level (0.00003333), consider stopping out, as that could signal a reversal.