$1000BONK 📊 BONK Technical Update

BONK has surged +28% in the last 24 hours, reaching a local high at $0.03798. Here’s what I’m observing on the 5m–1h charts:

✅ Current Price: $0.03788

✅ RSI (14): ~70.8 → entering overbought zone

✅ MACD: Positive but histogram momentum slowing

✅ EMA Setup: Price still above EMA9 (0.03728) and EMA21 (0.03677), short-term trend intact

Key Levels:

Resistance: 0.03820 (break above = continuation possible)

Support: 0.03680 (EMA21), 0.03560 (recent consolidation)

Scenarios:

1. Bullish: If price closes above 0.03820 with volume, expect continuation toward 0.03950+.

2. Bearish: If RSI drops below 68 and we see a 5m close under EMA9, first correction targets could be 0.03680 → 0.03560.

📌 Next Moves: Watching funding rates and short-term momentum for potential reversal or breakout confirmation.

What’s your outlook on BONK? Bullish continuation or pullback incoming?

#BONK #TechnicalAnalysis #CryptoTrading #Binance