$BONK Under Pressure – Breakdown Threat or Bullish Reversal Incoming?
BONK/USDT is trading at 0.00003368, down 5.90% on the day. Price action on the 15-minute chart reflects consolidation right beneath key resistance after a sharp pullback. This setup can either break upwards for a recovery or dive further into a short-term correction.
Key Technical Levels
• Resistance Zone: 0.00003390 – 0.00003420
A break above this range may confirm bullish reversal and initiate a relief rally.
• Support Zone: 0.00003330 – 0.00003300
A clean drop below this level could invite fresh selling pressure and drive BONK lower.
Trade Setup – Tightly Coiled and Ready to Move
Bullish Breakout Setup
Entry: Break and hold above 0.00003420
Target 1: 0.00003500
Target 2: 0.00003600
Bearish Breakdown Setup
Entry: Fall below 0.00003300
Target 1: 0.00003200
Target 2: 0.00003050
BONK is stuck in a narrow range after a decline from the highs. Traders should watch closely for a clean break from this compression zone. Volume and breakout direction will confirm the next move.