$BONK /USDT โ 1H Chart Technical Breakdown ๐
#LetsBONK #NFTMarketWatch
๐ธ Trend Overview:
$BONK remains in a short-term uptrend, but signs of consolidation or a minor pullback are emerging.
Price peaked at 0.00004075 and has now cooled to 0.00003486.
๐ธ Moving Averages (MA):
MA 7 (Yellow): 0.00003429 โ Price is hovering just above, showing itโs trying to hold short-term support.
MA 25 (Pink): 0.00002685 โ Far below current price, indicating bullish momentum.
MA 99 (Purple): 0.00001967 โ Long-term trend still clearly bullish.
๐ธ Support & Resistance Levels:
Resistance:
โข 0.00003778 (24H high)
โข 0.00004075 (recent peak)
Support:
โข 0.00003429 (MA 7)
โข 0.00002932 (previous breakout zone)
โข 0.00002685 (MA 25 โ key support if breakdown occurs)
๐ธ RSI (6):
~59.85 โ Neutral-to-overbought. Still has room to run if volume increases.
๐ธ Volume:
Volume remains decent but is tapering off โ suggesting buyer fatigue. A spike in volume is needed for continuation.
๐ธ Outlook:
Bullish Scenario:
If price holds above 0.00003429, targets are:
โข Short-Term: 0.00003778
โข Extended: 0.00004075
Bearish Scenario:
Breakdown below 0.00003429 could lead to a correction toward:
โข 0.00002932
โข Possibly 0.00002685
๐ธ Strategy Suggestion:
โ
Entry: Near MA 7โMA 25 zone (0.000034โ0.000027), but only with bullish confirmation.
โ Avoid: Buying near resistance without strong volume.
๐ Cut Loss: If it closes below 0.00002685.
๐ Want confirmation from higher timeframes (4H / 1D)? Send a chart screenshot and Iโll analyze further.