BONK's price struggles to surpass $0.00002500, hindering its progress to break through the next resistance level. Investors are increasingly pessimistic, with some anticipating a price decline. The Chaikin Money Flow indicator for BONK recently broke its downtrend, hinting at a potential shift in market sentiment. However, this positive momentum seems to be fading, raising concerns about its sustainability. As the CMF indicator drops below zero, it indicates growing selling pressure. Additionally, the negative funding rate suggests a bearish outlook, with short positions outweighing long positions. These factors combined may lead to increased selling pressure on BONK. Failure to breach the $0.00002748 resistance level could result in consolidation between $0.00002748 and $0.00002153. A further decline could push the price below $0.00002000. Conversely, breaking the $0.00002748 barrier could signal a potential recovery for BONK. Read more AI-generated news on: https://app.chaingpt.org/news