$BONK Price’s Bearishness Seeps Into Investors’ Actions - BeinCrypto Analytics

BONK price at $0.00002853 is currently under the resistance of $0.00003182, attempting to remain above the support of $0.00002748. This is because the meme coin has been noting an uptrend since mid-April and intends to continue it. 

However, the investors are of a different opinion as they continue to push for a decline. If BONK was to lose the support of $0.00002748, the meme coin will likely drop to $0.00002153 which would invalidate the uptrend.

However, if the crucial support level remains intact, a recovery cannot be ruled out. Once the barrier at $0.00003182 is invalidated and breached, a rise could take place. This would result in the bearish thesis being invalidated.