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Analyze asset BONK/USDT (1W time frame ):


📈 Technical Landscape: The asset forms an ascending expanding triangle, with the price maintaining key support at ($0.00001750–$0.00001800). The current rise comes from the lower boundary, attempting to move upwards.
🔹 Support level: $0.00001850 — A strong support zone since the beginning of 2024. 🔹 Resistance level: The ascending trend line of the expanding triangle (~$0.00007–0.00008) — Potential targets for continued growth.
📊 Indicator:
MA 7, 25, 99 — The price has broken through all moving averages, indicating a shift in the local trend towards a bullish direction.
Parabolic SAR — Points below the candles, confirming bullish momentum.
Ichimoku Cloud — Price approaching the cloud, a breakout will strengthen the trend. The cloud is currently acting as resistance (0.000024–0.000035).
📌 Conclusion: BONK shows a stable rebound from the long-term support level. Breaking through the Ichimoku cloud and solidifying above $0.000025 may lead to growth towards $0.000035 and higher.
⚠️ Risk: A pullback to $0.000020 will once again increase selling pressure and may lead to a retest of support levels. Sufficient trading volume is needed to confirm momentum.
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CryptoLoverArtistvip
· 07-09 01:18
lets follow each other :)
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