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.
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🔍 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.
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