BONK/USDT - Is the dog barking again or what?
The price of BONK is now around $0.00001894, and the price is hovering around a fiery resistance at $0.00001908.
If it breaks this resistance firmly, the path may open up to $0.00002569 and then $0.00003586, God willing.
The nearby support is around $0.00001642, and if there is more cooling off, we have stronger support at $0.00001378.
The buying pressure indicators (RSI and Stochastic RSI) are blazing, which means we might see a slight cooling or pullback before it continues to rise.
The MACD is still positive, and it is still providing nice support for the movement, with no clear negative divergence so far.
Respectful note:
Entering now is a bit riskier due to the buying pressure, so if you enter, understand that the price may rest on the support before continuing.
In short:
The dog wants to take off, but be aware that nothing goes up in a straight line.
Watch the resistance closely, plan your entries and exits properly, and don’t forget to set a stop loss.