- BONK has broken through the 4-hour moving average cloud and the market is more active and directionally strong.
- The $0.0000197 mark is steady and forms an important bottom to buyers after multiple successful re-bounding out of this zone.
- The traders are tracking the resistance level of $0.00002118 that has been restricting the upward extensions in recent trading sessions.
BONK (BONK) has also regained strength after it broke over the moving average cloud on the 4-hour chart. The breakout indicates a new period of directional activity, and currently traders watch the price stability higher than present. BONK is listed at $0.00002038, representing 0.3% increase in the last 24 hours. The token is holding up close to its support of $0.0000197, and the nearest resistance is $0.00002118, which determines the near-term organization on the chart.
Cloud Break Highlights Market Transition
The moving average cloud, commonly applied to determine the starting point of trend changes, has been of late violated in an upward direction. This trend means that short-term momentum has been strengthened. In earlier sessions, BONK repeatedly tested the upper boundary of the cloud without a confirmed breakout.
However, the recent close above it suggests improving sentiment and a possible shift toward stability. It is worth noting that the breakout coincides with a rise in the volume of trading, which justifies the significance of the level to market observers.
Support Zone Holds as Buyers Maintain Presence
Support near $0.0000197 remains a focal point. The zone has acted as a key base through recent consolidation, providing structure for continued accumulation. Price movements have repeatedly rebounded from this level, limiting downside exposure. Each recovery from support has been followed by higher local peaks, revealing a steady tightening of the price range. Moreover, volume consistency near this zone suggests continued participation, particularly from traders reacting to technical triggers within the cloud formation.
Resistance Levels Define Next Directional Step
The $0.00002118 resistance represents the next critical point on the 4-hour timeframe. Sustained consolidation above the moving average cloud may allow the market to retest this barrier. Historical data shows multiple rejections near this range, underlining its relevance for short-term trading decisions. The proximity of the cloud also defines potential pullback levels, serving as an area of balance between buyers and sellers as the market evaluates further movement.
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