Investors in BONK have experienced mixed feelings as the meme coin failed to meet their expectations. The current sentiment is leaning towards a drawdown, with pessimism prevailing due to the lack of anticipated profits. This negativity has also affected the funding rate, turning it negative as hopes for significant gains fade. The price of BONK is currently struggling to stay above support levels, facing resistance at $0.00003182. While some investors believe in an uptrend continuation, others predict a decline if support at $0.00002748 is breached. However, if the crucial support level holds, a potential recovery could occur if the resistance is surpassed. It is essential for investors to stay informed and conduct their research before making any financial decisions in the volatile crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

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