Currently, BONK is within a descending channel, indicating a bearish trend. The price has tested the key support level of 0.0000099 USD, a significant point from earlier this year.
Despite some recent price bounce, demand remains weak as shown by the On-Balance Volume metric. The RSI indicates a potential upward shift in momentum, but confirmation through buying pressure is necessary.
The liquidation heatmap indicates important resistance levels at 0.0000113 USD and a more significant one at 0.000014 USD. Traders may target these levels for short-term opportunities.
Leave a Reply