BONK/USDT Analysis: Potential Breakout Ahead

BONK/USDT is trading at $0.0332, forming a bullish structure after bouncing from the $0.025 support zone. The recent breakout attempt from the descending channel is a positive signal, with potential for further upside if key resistance levels are breached.

Key Levels to Watch:
Support: $0.030 (near-term), $0.025 (major support)
Resistance: $0.035 (trendline resistance)
Indicators:
RSI: At 63, reflecting strong momentum but approaching overbought levels.
ADX: Indicates strengthening trend, with DI+ dominance supporting bullish bias.
Volume: Rising, confirming increasing buyer interest.
Trade Plan:
Entry: Above $0.037111 with volume confirmation.
Targets: $0.060 (long-term).
Stop-Loss: Below $0.030864 to minimize risk.
A rejection at $0.035 could lead to a pullback towards $0.030 or $0.025 for a better entry. Watch volume closely for confirmation of a breakout.

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