$BONK

Currently, the price of **Bonk (BONK)** is trading at **$0.00003433**, down **7.02%** from the previous session.

### **Technical Analysis**

1. **Price Chart and Trend:**

- The price of BONK has decreased from a daily high of **$0.00003918** to a low of **$0.00003366**, indicating increasing selling pressure.

2. **Technical Indicators:**

- **RSI (Relative Strength Index):** Currently, the RSI is at a neutral level, indicating no signs of overbought or oversold.

- **MACD (Moving Average Convergence Divergence):** The MACD has recently crossed below the signal line, signaling the potential continuation of a downward trend in the short term.

3. **Support and Resistance Levels:**

- **Support:** The nearest support level is around **$0.000033**, a break below could lead to further declines.

- **Resistance:** The critical resistance level is at **$0.000040**, a breakout above may open up a new upward trend.

Trading Suggestions

- **Buying Strategy:**

- Consider buying when the price approaches or bounces off the support level of **$0.000033**, with the expectation of a recovery to the resistance level of **$0.000040**.

- Set a stop-loss order below **$0.000032** to minimize risk.

- **Selling Strategy:**

- Consider selling if the price fails to hold the support level of **$0.000033**, forecasting a continued downward trend.

- Set profit targets at **$0.000040** if bought at the support level.

Note

- The cryptocurrency market is highly volatile; it is advisable to monitor closely and adjust strategies timely.

- Use risk management tools and do not invest money you cannot afford to lose.

*Note: The above analysis is for reference only and does not guarantee investment results.* $BTC