The current price of $BONK is 0.00002424, down by 6.63% over the past 24 hours, reflecting clear selling pressure.
2. The EMA10, EMA25, and EMA50 indicators are all above the current price, confirming the short and medium-term bearish trend.
The price is trading near strong support at 0.00002322, and breaking it could open the way for a drop towards 0.00001641.
The nearest resistance is at 0.00002932, followed by stronger resistance at 0.00003577.
The downward trend line is still dominant, and the price has so far failed to break through it upwards.
The MACD indicator is in the negative zone with weak upward momentum, supporting the continuation of the bearish trend.
The RSI indicator at 39 suggests that the currency is close to the oversold area, but has not yet reached a strong reversal level.
Staying above the current support with increased trading volume may provide a short-term rebound opportunity, while breaking below means continued decline.
