- $BONK trades at $0.00003221, signaling a rally if it breaks major resistance near $0.00003277.
- Targets include $0.00004395 and $0.00005693, offering up to 123% possible gains for traders eyeing a breakout.
- A drop below $0.00002773 may trigger losses, with $0.00002722 as the stop-loss level for traders managing risk.
The digital asset $BONK/USDT is trading at $0.00003221 as it moves within a downward path that indicates a sell-off trend. A support level has been identified at $0.00002773, aligning with the 0.786 FIB bounce level, which could provide a strong foundation for an upward move. If the cost manages to hold above this mark and breaks out, traders could see gains.
Source: Rose Premium
Technical analysis by Rose Premium suggests that a breakout from this zone may lead $BONK to three targets. The first target is $0.00004395, while the second target sits at $0.00005058. If momentum continues, the third target could reach $0.00005693, representing a probable gain of 123%. These levels are indicators for traders watching $BONK closely.
Breakout Signals Show High Gain Potential
A breakout from the descending channel could indicate a reversal of the bearish trend, offering opportunities for bullish momentum. The first target at $0.00004395 could signal an early confirmation of positive market sentiment, while hitting $0.00005058 would strengthen the likelihood of extended gains. If the price reaches $0.00005693, it would mark a rally.
The 0.618 FIB regression level at $0.00003277 plays a role as an early confirmation point for the breakout. If the price holds above this level, it could pave the way for further upward movement. However, traders need to watch the trendline carefully to confirm whether the breakout is sustainable.
Risks Remain if Key Support Breaks
The support level at $0.00002773 is for maintaining bullish potential in the short term, as it aligns with strong FIB support. If the price falls below this level, it may decline further to $0.00002722, which acts as a stop-loss zone for risk management.
Failure to hold above these levels could lead to bearish pressure and prevent $BONK from achieving its breakout targets. Traders should keep an eye on $0.00003277 for early signs of recovery and be cautious in volatile conditions.
Rose Premium analysis provides clear guidance for traders navigating $BONK’s current setup, offering insights into potential gains and risks.
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