$BONK ๐โผ๏ธ Bonk Might DumpโBig Sellers Taking Control at Market! โจ๏ธ๐โ
Bonk is under heavy selling pressure as large holders unload significant positions, signaling a potential dump ahead. The market is witnessing increased sell orders, pushing price action toward critical support levels and causing growing concern among traders. ๐โ ๏ธ
On-chain data highlights sharp spikes in token transfers to exchanges, suggesting that whales are preparing to exit. This distribution phase is reinforced by rising trading volume during sell-offs, confirming that sellers currently dominate market sentiment. ๐๐
Technically, Bonk has broken below short-term moving averages, and momentum indicators such as RSI and MACD are turning bearish. The downward momentum indicates the selling could accelerate if key supports fail to hold. โฌ๏ธ๐จ
Traders should be cautious and monitor price action closely. A decisive break below support with heavy volume may trigger panic selling and further downside pressure. Risk management is essential during this volatile period. ๐โก
In summary, big sellers are setting the tone for Bonk, and the market might dump if selling pressure continues. Staying alert to technical signals and managing exposure carefully will be vital in navigating this challenging phase. ๐๐