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BONK Technical Analysis: Mapping Near-Term Resistance Levels
The recent momentum in BONK has caught traders' attention as the token approaches critical resistance zones. Current technical setup suggests two key levels worth monitoring closely.
First resistance zone sits around 0.0400—a psychological barrier that, if cleared, could signal strengthening buying pressure. Beyond that, the 0.0500 level represents a more ambitious target for bull scenarios, marking a potential consolidation point before any larger moves.
What makes this setup interesting is the confluence of price action and volume patterns at these levels. Traders watching BONK should note that breakouts don't happen in straight lines. Expect some friction and potential pullbacks within the range, which typically shake out weaker hands before any sustained run.
The key is patience—don't chase into positions blindly. Wait for confirmation signals at these zones. Volume spikes and sustained price positioning matter more than speed. This isn't about rushing trades; it's about respecting the technical structure.