$BONK
Technical Report for BONK/USDT
1. General Trend:
Current Price: 0.00001340 USDT, up by approximately +15% in the last 24 hours.
The chart shows a strong upward trend from the 0.00000886 level.
2. Technical Indicators:
RSI:
RSI (7) = 90, RSI (14) = 78, indicating overbought conditions, which may trigger a near-term correction.
MACD:
Shows a bullish crossover, supporting the current uptrend.
Stochastic RSI:
Reading above 97 suggests a strong overbought condition.
Parabolic SAR:
Dots are below the candles, confirming the upward momentum.
3. Liquidity Analysis:
Total buy orders exceed sell orders (196M vs 181M BONK).
Large orders also show more buying pressure (90M) than selling (77M).
However, in the past 24 hours, there was net outflow from large wallets, with big sell orders surpassing big buys by 191M, signaling caution.
4. Volume:
24-hour trading volume exceeds 2.64 trillion BONK, showing high market interest.
5. Summary & Recommendation:
The short-term trend is bullish, but due to overbought signals and outflow from large wallets, a correction is likely.
If you bought early, consider taking profits gradually.
If planning to enter now, it might be safer to wait for a pullback.
Nearest support: 0.00001234
Next targets: 0.00001396, then 0.00001546
