🚨 BONK declines 8% after hitting a peak in August — What’s next for the currency?
● BONK reached its highest level in August at $0.00002841
● It then declined by 8% to $0.00002554 amid heavy institutional trading
● The market saw massive trading between 1.12 and 2.16 trillion tokens during coordinated sell-offs
● The currency recovered slightly after a listed company announced its intention to build a $25 million BONK treasury
● The support level at $0.00002620 was crucial in halting the decline
● The main technical resistance at $0.00002854 remains a challenge for the price
⚙️ Technical Analysis
● Price range over 24 hours: from $0.00002554 to $0.00002841 (volatility 12%)
● The large trading volume reflects high and enthusiastic activity in the market
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📢 Note: This post does not constitute investment advice, please conduct your own research before making any decisions.
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❓ What is your next prediction for the price of BONK? Will it continue to recover or face more pressure? Share your opinion!
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