BONK/USDT (1W)
BONK is showing a strong bounce from long-term support! 🚀
After touching the strong weekly support zone around 0.00000947, BONK surged with significant volume, breaking out of the descending mini-channel. The price is now approaching the 0.00005054 resistance level, which previously acted as a rejection point.
📊 Key Points:
• Support:
🔻 0.00000947 – major long-term support
• Resistance:
🔺 0.00005054 – key resistance and potential breakout target
• RSI (14):
RSI is sharply rising and crossing above its moving average, suggesting bullish momentum building up.
• Volume:
A strong volume spike confirms increased buying interest from the bottom.
⸻
🔍 Outlook:
As long as BONK holds above 0.00002, bulls have a good chance to push toward 0.00005. A breakout above this level could lead to a strong rally. Watch for RSI overbought conditions in the coming weeks.
⸻
#BONK #BONKUSDT #Crypto #Altcoins #TradingView #TechnicalAnalysis #MemeCoins #Bullish
BONK is showing a strong bounce from long-term support! 🚀
After touching the strong weekly support zone around 0.00000947, BONK surged with significant volume, breaking out of the descending mini-channel. The price is now approaching the 0.00005054 resistance level, which previously acted as a rejection point.
📊 Key Points:
• Support:
🔻 0.00000947 – major long-term support
• Resistance:
🔺 0.00005054 – key resistance and potential breakout target
• RSI (14):
RSI is sharply rising and crossing above its moving average, suggesting bullish momentum building up.
• Volume:
A strong volume spike confirms increased buying interest from the bottom.
⸻
🔍 Outlook:
As long as BONK holds above 0.00002, bulls have a good chance to push toward 0.00005. A breakout above this level could lead to a strong rally. Watch for RSI overbought conditions in the coming weeks.
⸻
#BONK #BONKUSDT #Crypto #Altcoins #TradingView #TechnicalAnalysis #MemeCoins #Bullish
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.