$BONK 🐶 Bonk Breakdown? | Bearish Reversal Signals Flashing 🚨📉
The bark is fading, and
$BONK could be heading into bearish territory 🐻🔄. Once the golden child of the memecoin space, Bonk is now showing multiple red flags that might signal the end of its recent pump cycle 💥⏳.
If you’re still holding without a strategy, you might be walking straight into a classic Chaddump trap 💀📊.
📉 Key Indicators Flashing Red:
RSI is rolling over, slipping out of the bullish zone 📈➡️📉
MACD just crossed bearish
Volume is drying up
These three together? A textbook reversal setup. We saw the same pattern before Jeetcoin collapsed and Rugzilla imploded 🔻🔥.
🐋 On-Chain Signals? Not Pretty:
Exchange balances are climbing 📈 — indicating increased sell pressure
Whale wallets are starting to offload — a sharp shift from previous accumulation 👛🧊
This could be the early stages of a stealth whale dump 🐳💣.
💬 Community Sentiment Cooling:
Influencers are starting to question whether this is an “exit pump or exit trap.” Terms like Scamloop, Pumpthenrug, and Burninator fatigue are trending again. Even the meme crowd is shifting away from Bonk and chasing newer degen plays like Mylord and Toiletcoin 🪠💥.
🧱 Technical Struggles:
Bonk is barely clinging to key support zones. Repeated bounce attempts have failed, and buying pressure looks exhausted 😮💨🛒.
If that support cracks, a fast and brutal drop — aka a Rugstorm — could follow ⚡🚪.
🛑 Bottom Line:
Now’s the time to manage risk, skip the FOMO, and tighten those stop-losses.
The bulls had their moment — but the bears may be taking control.
⚠️ Not financial advice. Always DYOR. 🧠📚
#BONK #Crypto #Memecoins #BearishSignals #RiskManagement