$BONK BONK/USDT 4-Hour Chart Analysis
Price: 0.00002011 (+0.85%)
24H High: 0.00002022 | Low: 0.00001896 | Vol: 1.42T BONK (27.99M USDT)
Key Insights:
Bearish Trend: BONK is in a downtrend after peaking at 0.00002600 on May 13. Now down 22.72% (1Y) and 61.25% (180D).
Price Action: Trading below the 20-period SMA, showing lower highs/lower lows. Recent consolidation near 0.00002000 support.
Volume: Low buying interest; selling pressure dominated since the May 13 peak.
Levels to Watch:
Support: 0.00002000 (key), next at 0.00001800.
Resistance: 0.00002200, then 0.00002400.
Outlook: Bearish bias persists unless we see a breakout above 0.00002200 with strong volume. A break below 0.00002000 could lead to further downside.
