📉 BONK/USDT – Technical Outlook (1H Chart, June 5, 2025)
Current price: 0.00001467 USDT (▼ -7.09%)
🔹 Trend Analysis:
• EMA(7) < EMA(25) < EMA(99) → Bearish trend remains dominant
• Price recently bounced from 0.00001412 – short-term support in play
• Volume spike suggests demand at lower levels, possible relief rally
🔸 Indicators:
• MACD & RSI: No clear bullish reversal yet
• Bid/Ask ratio: 48.74% vs 51.26% → Market remains undecided
📌 Conclusion: Momentum is still to the downside. While early buyers are active near support, it’s best to wait for confirmation before considering long entries. Stay cautious, manage risk.
