Is BONK's violent rebound a smokescreen from the manipulators or a true reversal? The five-minute chart reveals the truth

Today, the five-minute chart for BONK is more flamboyant than a dog peeing, with the Bollinger Bands' middle line at 0.00001235 being smashed to bits, and the MACD green bars just poking out before being pushed back by the bears. Don’t be fooled by the price bouncing to $0.0000123, which seems to show a 5% rebound; on-chain data tells a different story—12% of the holdings were moved from the top twenty addresses in just three days, and the net inflow to exchanges surged threefold, clearly indicating that whales are selling off while fleeing.

The technical side is playing a trick

The TD sequence generated a buy signal as bait, while the manipulators punctured the downward trend line. The support level at 0.00000954 looks intimidating, but in reality, it has already been hollowed out. The RSI is stuck at 48.46 pretending to be neutral, while in reality, there’s a mountain of liquidation orders piled up at 0.00001200. If this position dares to rush, it will trigger a short squeeze fireworks show in no time. Open interest soared to $12.79 million, looking lively, but the OI weighted financing rate at -0.0017% reveals the truth—the bears have already pressed their capital into the market, just waiting for the retail investors to charge in before shutting the door on them.

The news is all second-hand toxic hype

The SEC's ongoing crackdown on stablecoins still lingers, and the manipulators' claims of “expectations of new funds entering” are simply insulting to intelligence. Right now, M2 growth is stuck at 7% and can’t budge, traditional markets are struggling, so how substantial is this BONK rebound? I’ll give you the conclusion straight: the weekly resistance level at 0.00001427 is a truth mirror, and the current price is still two levels away from this position, while the volume is limping like impotence, clearly a trap to lure in more buyers.

Operational guide: Contract traders should keep an eye on 0.00001235 and short with eyes closed, setting a stop loss firmly above 0.00001280. Spot traders should definitely not fall for any “golden pit” nonsense; if the support level at 0.00001008 truly breaks, a drop to 0.00000954 is just a matter of minutes. Remember, all small green candles now are bait from the manipulators; if you feel itchy, just cut your losses!

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I am Caige, building a top-tier team, looking forward to sincerely moving forward with those who are pursuing excellence!