BONKUSDT has exhibited resilience on the 1-hour chart, with prices attempting to climb despite bearish undercurrents. The 9 EMA remains below the 20 EMA, hinting at lingering selling pressure. However, the MACD histogram’s gradual rise signals a possible shift in momentum favoring buyers. The RSI’s movement toward neutral levels further reflects a tug-of-war between bulls and bears.Resistance at $0.00003605 represents the first significant hurdle, with higher targets at $0.00003841 and $0.00004235. On the downside, $0.00003274 provides the nearest support. A breach here could open the way for extended losses.
For bullish positions, entering near $0.00003524 with a stop loss below $0.00003274 may be ideal, targeting $0.00003605. For bearish traders, a short entry on a rejection at $0.00003605 or a break below $0.00003274 could yield returns, with an exit around $0.00003200.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.