$BONK Based on the BONK/USDT 1 hour (1H) chart you sent, here is the technical analysis:
📊 General Trend:
The current trend is still in a short-term uptrend phase, but it is starting to show signs of consolidation or potential light correction.
The price reached a peak of 0.00004075 before dropping and is currently at 0.00003476.
📈 Moving Average (MA):
MA 7 (yellow) = 0.00003429 → the price is slightly above MA7, which means it is trying to hold above short-term support.
MA 25 (pink) = 0.00002685 → still far below the current price, supporting the uptrend.
MA 99 (purple) = 0.00001967 → the long-term trend is still strongly bullish.
🧭 Support and Resistance:
Nearest resistance:
0.00003778 (24-hour High)
0.00004075 (previous peak)
Nearest support:
0.00003429 (MA 7)
0.00002932 (previous breakout area)
0.00002685 (MA 25, strong support if breakdown)
📉 RSI (Relative Strength Index):
Currently, RSI(6) = ~59.85 → neutral to overbought, but there is still room to rise if the volume supports it.
📊 Volume:
Volume is still relatively large, but it is starting to decrease. This indicates that buyers may be getting exhausted, and strong volume is needed to continue rising.
🕵️♂️ Conclusion and Direction Prediction:
🔹 If the price can hold above MA7 and does not break down below 0.00003429, then there is potential to rise back to the area:
Short target: 0.00003778
Continuation target: 0.00004075
🔻 If it breaks down below 0.00003429, then potential correction to:
0.00002932 (strong support and previous accumulation area)
📌 Recommendation:
Entry buy: near MA7 or MA25 support (0.000034 - 0.000027), wait for bullish candle confirmation.
Avoid entry when approaching resistance without strong volume.
Cut loss if it breaks down and closes a candle below 0.0000268.
If you want me to help monitor other timeframes (4H or 1D) for stronger confirmation, please send me the screenshot.