Multi-timeframe perspective on $BONK ’s price surge
Wide view: Watching the chart $BONK on the four-hour timeframe shows an impressive breakout, with the RSI rising above the 83.9 level and trading volume reaching 2.94x the average.
Up close: Switching to the one-hour timeframe, the uptrend is further reinforced as price holds at 0.00000402 with trading volume up to 3.61x, indicating clear consensus between the two timeframes.
If buying pressure continues and the price holds above the support zone of 0.0000037, the uptrend could further extend its upward momentum. Conversely, if profit-taking pressure increases and the price breaks below 0.0000037, the market may face a deeper correction toward lower base zones.
The biggest risk right now is that the RSI on both timeframes is already too high, which can create strong shakeout pressure within a narrow range. 📉
#Crypto #BONKUSDT
Wide view: Watching the chart $BONK on the four-hour timeframe shows an impressive breakout, with the RSI rising above the 83.9 level and trading volume reaching 2.94x the average.
Up close: Switching to the one-hour timeframe, the uptrend is further reinforced as price holds at 0.00000402 with trading volume up to 3.61x, indicating clear consensus between the two timeframes.
If buying pressure continues and the price holds above the support zone of 0.0000037, the uptrend could further extend its upward momentum. Conversely, if profit-taking pressure increases and the price breaks below 0.0000037, the market may face a deeper correction toward lower base zones.
The biggest risk right now is that the RSI on both timeframes is already too high, which can create strong shakeout pressure within a narrow range. 📉
#Crypto #BONKUSDT
