#AltcoinSeasonLoading Here’s a snapshot of $BONK

s price action over the past month, with key chart patterns:

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📈 Chart Highlights

The crypto.news monthly chart (first image) shows a strong 50%+ rally followed by signs of negative momentum—RSI around neutral (≈49) and MACD histogram turning red .

The Yahoo Finance intraday chart (second image) captures volatility spikes, reflecting sudden pumps within this uptrend .

The November 2023 pullback chart (third image) illustrates BONK losing ~30% from its high—classic meme‑coin instability .

The "inverted cup and handle" pattern from last year (fourth image) typically signals trend exhaustion, often followed by deeper corrections .

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🧠Why BONK could fall to $0.0001 (1e‑4)

1. High volatility: Meme coins like BONK exhibit rapid spikes and sudden plunges. A 50–70% drop from recent highs is common.

2. Chart signals weakening: RSI/MACD reversal hints at potential pullback; earlier inverted cup suggests deeper fall towards consolidation ranges .

3. Precedent of steep dumps: Similar 30%+ corrections have occurred multiple times—even the recent rally paused abruptly .

4. Bear market risk: If Bitcoin falters, altcoins like BONK often decline further, with limited fundamental support.

5. Structural pressure: Massive token supply (~80 T circulating, 100 T max) creates sell pressure, suggesting deeper downside .

🔻 Could it reach $0.0001?

Reaching $0.0001 means dropping roughly 3× from current ~$0.000033. While not impossible, a return to this level would require a ~67% drawdown—plausible if broader markets weaken or if BONK triggers a multi-wave correction similar to past cycles.

A deeper dump could target Fibonacci retracement zones (~$0.00001–0.00002), which aligns with previous lows .

Given current momentum signals and history, a drop near $0.0001 is within the realm of possibility, though quite bearish.

⚠️ Bottom Line

BONK’s recent rally is stalling.

Technicals (bearish MACD/RSI, inverted formations) hint at further declines.