🔍 Key Observations:
1. Price Action:
• Current price: 0.00002484 USDT
• Strong green candle showing a +10.35% gain, hitting a 24h high of 0.00002648
• BONK broke above the recent resistance of 0.00002243, turning it into support.
2. Volume:
• A strong increase in volume confirms buyer strength.
• Volume spike supports the breakout, which is a bullish signal.
3. MACD Indicator (below chart):
• MACD line (yellow) is above the Signal line (blue) → bullish crossover.
• Histogram is also increasing → indicates upward momentum.
4. Moving Averages:
• Price is trading well above both the MA(5) and MA(10), confirming short-term bullish trend.
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📈 Short-Term Price Outlook (Next 4–8 hours):
• Bullish Bias: If volume sustains and the price holds above 0.00002243, BONK could re-test 0.00002648, and possibly push towards 0.00002700.
• Support Level: Watch 0.00002243 as immediate support. If broken, correction may push it to 0.00002155.
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🔻 Risk Warning:
• After such a rapid pump, a short-term pullback is also likely if buyers take profits.
• Always watch for bearish divergence or weakening volume before entering new positions.
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✅ Summary:
• Trend: Bullish (short-term)
• Next Resistance: 0.00002650 → 0.00002700
• Support: 0.00002243 → 0.00002155
• If bullish momentum continues, BONK could rise another 5–10%, but beware of a possible cool-down or pullback soon.
$BTC
$BNB
$BONK
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