$BONK
🚨 Can BONK Price Defy the Bearish Pressure? 🚨
BONK price is at a critical supply zone, a level that has historically triggered declines. This zone has led to lower tops and bottoms and extended downtrends like the recent six-day slide. If the BONK price follows this pattern, a correction could be made.
However, a breakout above this zone could change the momentum, with targets at $0.00003689 (51% upside) and $0.00006230 (155% upside). Despite the $4 million selling pressure, the bullish sentiment remains strong. Open Interest Weighted Funding Rate has stayed positive for 20 days, reflecting continued confidence in BONK’s potential. This suggests buyers still dominate the market, supporting BONK’s recovery despite recent challenges.