BONKUSDT 1D Chart Analysis | Bullish Momentum Builds After 0.236 Fibo Pullback
🔍 Let’s break down the BONK/USDT daily chart, focusing on the latest price action, strategic moving averages, RSI convergence, and volume dynamics for a complete bullish scenario setup.
⏳ Daily Overview
BONK is showing strong upward momentum, printing consecutive higher highs (HH) in both candles and RSI—a clear bullish trend indicator. After an explosive move, price is currently staging a healthy pullback to the key 0.236 Fibonacci retracement level (0.00003142), which commonly acts as a support platform during aggressive uptrends.
📈 Technical Convergence and Trend Structure
- 3SMA Support: The 7, 25, and 99 SMAs are all trending upward and stacked correctly, with price sitting comfortably above them. The 7SMA acts as immediate dynamic support, reflecting trend strength and buyer interest at every dip.
- RSI Dynamics: RSI just bounced from the 69–70 zone, confirming convergence with price action. The indicator made its own higher high in tandem with the candles, and now, as price pulls back, RSI is reentering the overbought territory—which often precedes renewed momentum.
- Volume Confirmation: Notably, volume surged as the trend accelerated, and is now tapering off during this corrective phase. This is a classic bullish volume signature, showing profit-taking by early longs but no major selling pressure, suggesting trend continuation likely after consolidation.
🔺 Bullish Setup & Targets
- First target: 0.00005376 — retest of the last all-time high (ATH).
- Next resistance to watch: 0.00003920, followed by the ATH region.
- Long-term target: 0.00009710 — an upside of 170–180% from current levels, mapped by technical extension and price discovery zones.
📊 Key Highlights
- Price holding the 0.236 Fibo retracement signals a shallow, healthy correction.
- 3SMA alignment confirms long-term bullish bias—actively supporting every dip.
- RSI and price are convergent, reaffirming uptrend strength; RSI’s move back into overbought could ignite the next price surge.
- Volume decreasing on corrections and rising during rallies—bullish confirmation.
🚨 Conclusion
BONK/USDT remains technically poised for further upside. The blend of higher highs, support at the 0.236 Fibonacci retracement, positive 3SMA structure, and RSI convergence all point to bullish continuation. Watch for renewed momentum as RSI reenters overbought territory and volume confirms the next breakout. Next targets: 0.00005376 (ATH), with a long-term projection toward 0.00009710.
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