$BONK /USDT – 1H Chart Technical Breakdown 📊

#LetsBONK #NFTMarketWatch

🔸 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.

🔸 Moving Averages (MA):

MA 7 (Yellow): 0.00003429 – Price is hovering just above, showing it’s trying to hold short-term support.

MA 25 (Pink): 0.00002685 – Far below current price, indicating bullish momentum.

MA 99 (Purple): 0.00001967 – Long-term trend still clearly bullish.

🔸 Support & Resistance Levels:

Resistance:

• 0.00003778 (24H high)

• 0.00004075 (recent peak)

Support:

• 0.00003429 (MA 7)

• 0.00002932 (previous breakout zone)

• 0.00002685 (MA 25 – key support if breakdown occurs)

🔸 RSI (6):

~59.85 – Neutral-to-overbought. Still has room to run if volume increases.

🔸 Volume:

Volume remains decent but is tapering off — suggesting buyer fatigue. A spike in volume is needed for continuation.

🔸 Outlook:

Bullish Scenario:

If price holds above 0.00003429, targets are:

• Short-Term: 0.00003778

• Extended: 0.00004075

Bearish Scenario:

Breakdown below 0.00003429 could lead to a correction toward:

• 0.00002932

• Possibly 0.00002685

🔸 Strategy Suggestion:

✅ Entry: Near MA 7–MA 25 zone (0.000034–0.000027), but only with bullish confirmation.

❌ Avoid: Buying near resistance without strong volume.

🛑 Cut Loss: If it closes below 0.00002685.

📌 Want confirmation from higher timeframes (4H / 1D)? Send a chart screenshot and I’ll analyze further.