BONK IS COMPRESSING – ABOUT TO “BITE” HARD?
Since the peak in July, BONK has “hibernated” 35%, currently hovering at $0.00002406.
OI futures dropped from $73M to $38M ➡ the market is less excited, but the Long side still holds a slight advantage of 0.0101%. The price remains above EMA100 & EMA200 – a signal that the trend hasn't broken.
Scenarios:
🚀 Hold support = bounce back to hunt the peak of $0.00004074
💥 Breakout = opens up a deeper dump
What do you think? Should we catch the bottom of BONK or sit back and watch it “bite” again? 🐕💥