BONK USDT (Weekly Timeframe):

The chart indicates that the price is moving within a descending channel after a strong upward rally. Two key levels stand out as critical points for the market's next moves:

Strong Support at 0.0000285 :

This level represents a significant area where the price has previously rebounded strongly, making it a key defensive zone against further downside.

If this support is breached, the price could move to lower levels, making this a crucial area to watch.

If the price manages to break above this level, it would exit the descending channel, potentially leading to a strong bullish movement and targeting higher price levels.