Can Bulls Reverse Trend After Bonk Drop To $0.00003035?
Bonk is falling toward $0.00002635 as bears take over. This might be the bulls' last chance to restore momentum and avoid a larger drop.
The market's attitude hinges on whether buyers can recover at this key support. Bonk's price might reverse if the defense succeeds, giving investors hope. However, if the bears persist, the journey may get harder.
This study examines the meme coin's recent price movement at the $0.00002635 support level to determine if it might start a trend comeback. This article analyses technical indicators, market mood, and historical price patterns to determine if optimistic pressure may resuscitate this level or if bearish pressure will send the price down.
Bonk Price Trends and Recent Downshift Bonk has entered a bearish 4-hour chart phase while maintaining above the 100-day SMA. Price fell toward $0.00002962 after resistance at $0.00004002. As sellers gain control, this retreat implies negative pressure. If the price breaks $0.00002962, additional falls may test lower support levels.
The 4-hour Relative Strength Index (RSI) has dropped from 80% to 63%, indicating a dip in bullish momentum. While the RSI approaches neutral, buying pressure has decreased and market confidence in the upswing has declined. This shift shows that BONK may be entering a correction period, with additional decline possible if the trend continues.
After resistance at $0.00004002, BONK is becoming bearish on the daily chart. As the meme currency fails to hold higher levels, a bearish candlestick pattern and a drop to $0.00002962 indicate selling pressure. This suggests market momentum is shifting, and BONK may fall more if it fails to stabilize.
Finally, on the 1-day chart, the RSI has declined from 82% to 67%, showing waning buying pressure and a change from overbought to neutral or bearish. As the RSI falls from overbought levels, sellers may take control, causing a price correction or consolidation.
