$BONK
BONK Faces Bearish Pressure ๐๐ | Whales & Degens Brace for Potential Pullback โ ๏ธ๐ฉธ
BONK, the Solana-based meme sensation, is showing signs of bearish pressure as sellers tighten their grip ๐๐ฅ. Once fueled by unstoppable meme momentum, BONK now finds itself at a key inflection point where the next few moves could determine short-term market direction โ๏ธ๐ณ.
๐ The technicals are flashing warning signs: BONK is struggling to hold above critical support zones ๐ก๏ธ๐จ. The RSI is dipping, suggesting weakening buying strength, while the MACD is signaling a potential bearish crossover ๐๐ฉธ. Trading volume has shifted towards sellers, hinting that some whales may be unloading positions ๐ผ๐.
๐ณ On-chain data backs the caution. Whale wallets have begun moving BONK back onto exchanges ๐ฆ๐ค, often a precursor to sell-offs. Dormant wallets are reactivating โ but instead of accumulation, the trend shows distribution ๐๐. Clusters of large transfers near resistance zones suggest smart money might be locking in profits before a deeper pullback ๐กโก.
๐ฌ Social sentiment has cooled. While die-hard BONK army members keep posting rocket emojis ๐๐, broader meme coin chatter has shifted toward other hype tokens like Pepe2.0 ๐ธ๐ and Chadcoin ๐๏ธโโ๏ธ๐ฅ. Even Shibarmy influencers are hinting at cautious entries rather than aggressive buys.
โ ๏ธ This doesnโt mean BONK is dead โ meme coins are famous for sudden, explosive reversals ๐๐ฃ โ but traders need to be aware that bearish market conditions can turn dips into deep trenches ๐ณ๏ธ๐. Rugseason risk is always lurking, especially when liquidity dries up and volatility spikes ๐โ ๏ธ.
If BONK fails to reclaim key resistance soon, it could trigger a larger correction before the next hype cycle ๐ป๐. For now, smart money is focusing on defensive plays, waiting for confirmation before loading bags.
In bearish markets, protecting your stack matters more than chasing risky pumps.
