$BONK (also known as $1000BONK) on the 4-hour timeframe reveals the formation of a horizontal channel. Presently, the price is testing the resistance of this channel. A successful breakout above this resistance could propel the price higher, while a rejection might lead the price towards trendline support. The trendline support has been effective in supporting BONK so far.
Critical levels to keep a close eye on include the breakout of the horizontal resistance zone and the breakdown of the trendline support. The overall sentiment for $BONK appears to be bullish at the moment.