#BONK Crash Very Badly . What’s the Next⁉️
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- Yesterday saw a significant sell-off, with meme coins being hit the hardest.
- This morning, Bitcoin dominance increased as the altcoin market, which includes meme coins, fell.
- The coin BONK, in particular, has underperformed, with two major bearish breakouts on the 4-hour time frame.
- On the 1-hour time frame, there have been additional bearish confirmations.
- However, I believe that the current support level around 3,220 will hold.
- I expect BONK to consolidate and gain some momentum back to 3,500 or even 3,700.
- However, if Bitcoin continues to fall, BONK could drop to the next support level between 3,000 and 2,900.
