Keeping BONK on my radar as the market continues to show bearish signs as it may be in for a heavy retracement.
BONK has been seeing support bounces from the same level a few times ($0.0×096), but the highs that it reaches continue to decrease showing buyer weakness. Because of this, I am expecting price to crash through support, and if that is the case it may see a hefty drop in price. This is a low volume node for BONK so there may not be many standing orders which could have price quickly seeing levels near $0.0×05.
Keeping BONK on my radar as the market continues to show bearish signs as it may be in for a heavy retracement.
BONK has been seeing support bounces from the same level a few times ($0.0×096), but the highs that it reaches continue to decrease showing buyer weakness. Because of this, I am expecting price to crash through support, and if that is the case it may see a hefty drop in price. This is a low volume node for BONK so there may not be many standing orders which could have price quickly seeing levels near $0.0×05.