$$BONK ##BONK🔥🔥 Let's analyze the technical aspects of the BONK/USDT pair on the 4-hour chart, based on the image you sent from Binance:
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📊 Situation Summary
Current price: 0.00003394 USDT
24h Change: +0.74%
24h High: 0.00003496
24h Low: 0.00003231
24h Volume: 2.84 trillion BONK
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🔍 Moving Averages
MA(7): 0.00003353 – Price above the short average, indicating short-term buying strength.
MA(25): 0.00003477 – Immediate resistance.
MA(99): 0.00002596 – Long-term support well below, still a positive trend in the macro.
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🕯️ Chart Analysis
The price had a strong drop after a peak at 0.00004075, but is now trying to recover.
In the last candles, the price broke above the MA(7), which may indicate the beginning of a new upward trend (short reversal).
It is consolidating between 0.00003280 and 0.00003480, forming an accumulation zone.
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🔼 Important Resistances
1. 0.00003477 – 25-period average (decision point).
2. 0.00003496 – High of the last 24h.
3. 0.00003714 – Recent peak region before the drop.
🔽 Important Supports
1. 0.00003280 – Base of the current consolidation.
2. 0.00003231 – Low of the last 24h.
3. 0.00002900 – 0.00003000 – Previous reaction support zone.
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📈 Technical Conclusion
Short term: slightly positive trend. It may attempt to break 0.00003480 to seek a new high.
Decreasing volume: caution, as there is still no strong confirmation of the rise.
If it breaks 0.00003500 with volume, it may seek 0.00003700 – 0.00004000.
If it loses 0.00003230, it may return to the region of 0.00003000.
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🧠 Suggested Strategy
Situation Action
Break 0.00003500 with strength Buy entry (target 0.000037–0.000040)
Strong rejection near 0.000035 Wait for correction to 0.00003200–0.00003000
Lose 0.00003200 May drop further → Avoid buying