$BONK formed a reversal near $0.00003742, signaling fading bullish momentum.
• Price retested and was rejected at the bearish 4‑hour Fair Value Gap zone between approximately $0.000036–$0.0000374, indicating institutional resistance. 
• Subsequently, market structure cracked below $0.0000345, confirming a bearish tilt as sellers gained control.
• BONK is now moving toward a CME-style gap region—a zone it frequently revisits after rapid moves. 
• The next key support lies near $0.000032, potentially an attractive entry point for patient buyers.
⸻
Recent catalysts:
• The BONK project burned 500 billion tokens, sparking a 6% rebound in price despite broader sector losses. 
• However, a Galaxy Digital–linked transfer of $18.75 million BONK to Binance and Coinbase introduced selling pressure, resulting in a ~6.3% decline. 
