$BONK Market Update 📉

Price: $0.00004996 (-9.08%)

• 24H High: $0.00006230

• 24H Low: $0.00004795

Technical Analysis

• Resistance Levels:

Immediate resistance lies around $0.00005125 (MA7). Further upside pressure may face challenges at $0.00005350 (MA25).

• Support Levels:

The critical support zone is $0.00004795, which aligns with the 24H low. A break below could trigger further sell-offs.

Indicators Review

• Moving Averages:

• Short-Term (MA7): Bearish trend as the price is below MA7.

• Mid-Term (MA25): A reversal requires sustained momentum above this level.

• Long-Term (MA99): Currently at $0.00005118, reinforcing resistance overhead.

• Volume Analysis:

Significant volume spikes during recent drops indicate selling pressure dominating. Watch for volume divergence for potential recovery signs.

Outlook:

BONK continues to battle bearish momentum. Bulls must reclaim $0.00005125 and maintain volume to reverse the short-term trend.

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