BONK is at a vital support zone of 0.0000225 USD, where the 100-day moving average aligns. Recent buying volumes have been low, suggesting challenges for bullish momentum, which makes it crucial for traders to observe potential reversal signs.
Bitcoin’s continued bearish stance indicates caution for BONK traders. However, a decrease in Bitcoin’s dominance may provide opportunities for the altcoin market, signaling a potential capital flow into assets like BONK.
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