The $BONK /USDT pair is currently experiencing a notable decline, trading at $0.00002090, which marks an 11.85% decrease. Over the past 24 hours, the pair saw its highest at $0.00002570 and its lowest at $0.00002052. With a substantial trading volume of 137.84 million USDT, the market for BONK has been highly active. This significant drop reflects strong selling pressure, as evident from the series of red candles pushing the price towards its 24-hour low.

For traders, this could indicate a critical juncture to watch for a potential rebound or further declines. Strategic positions could be considered around current or lower levels, depending on whether the price finds support or continues to slide, offering opportunities for both short and long positions based on market reactions.

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