Based on the 3D chart for BONK/USDC, the outlook remains a high-stakes gamble. The RSI shows a mild upward trend, hovering around 68, signaling that buying pressure has intensified. Yet, the Stochastic RSI is flashing a warning sign, peaking above 97—a classic signal of overbought conditions. The MACD, while technically positive, is flatlining without a clear upward trajectory, and the On-Balance Volume (OBV) is erratic, suggesting inconsistent market interest.
The price has clawed back from a previous low, but the Bollinger Bands remain wide, indicating high volatility. This setup is a classic bull trap scenario, where a short-lived surge could easily revert to a rapid decline. The recent upward movement could be nothing more than a dead cat bounce, luring traders into a false sense of security before another downward move.
If you’re holding a losing position, this might be a rare chance to cut the losses with minimal damage. But if you’re stubborn enough to hold, you’re effectively betting on a miracle pump. The technicals aren’t promising, and unless there’s a sudden surge in volume or a major positive catalyst, the path forward looks more like a slow bleed.