BONK / TetherUS
Largo

#BONK/USDT

278
#BONK

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.

We are seeing a bounce from the lower boundary of the descending channel. This support is at 0.00002070.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.

We are looking for stability above the 100 moving average.

Entry price: 0.00002205
First target: 0.00002287
Second target: 0.00002404
Third target: 0.00002551

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