In terms of key levels, the next major resistance lies at $2.00. A close above this level, confirmed by higher trading volume, could pave the way for a rally towards the $2.30 resistance zone. Supporting the bullish outlook, the Smoothed Moving Average Indicator (SMA) Momentum Index (SMII) has been trending positively, providing further confirmation of bullish momentum as the token consolidates near resistance.
On the other hand, immediate support lies at $1.75, with a stronger support level at $1.50. As long as BOME remains above the $1.75 support, the bullish structure remains intact. However, a fall below $1.50 could signal the need for further consolidation ahead of another potential surge higher.
In conclusion, BOME technical indicators reflect a bullish outlook, with $2.00 resistance as the next hurdle. Traders should watch for a break above $2.00, which could open the door for a bigger rally, while watching $1.75 as key support for any potential pullback.
BONK Price Prediction: $0.00000245 Resistance in Focus
BONK has demonstrated positive momentum over the past few trading sessions, heading towards an important resistance level at $0.00000245. The token’s price action over the past two weeks shows a strong accumulation, as evidenced by its steady rise after a period of consolidation.
The BONKUSD daily chart highlights that BONK is trading in the upper range of the Donchian channels, which are fixed on a 20-day time frame. This position signals bullish sentiment, as prices trading near the upper band often indicate buying pressure. Additionally, the Stochastic Momentum Index (SMI) shows positive divergence, suggesting that buyers are regaining control.