The BONK bounce is a trap. Macro structure is failing.
The hype around $BONK’s 5% jump and the massive fee increase for buybacks is blinding retail. Look closer. Volume is slipping 10%, confirming this move has zero conviction. The weekly chart is fundamentally broken. That crucial 0.0000096 support has flipped into hard resistance, supported by collapsing OBV and RSI. Bulls lost the last line of defense. While it trades in a short-term range, the highest probability setup is rejection. Traders should eye 0.0000105 as the short zone. Unless $BTC shifts dramatically, this is range noise, not a reversal.
Not financial advice. Trade smart.
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BONK
0.0₅956
+5.63%
BTCUSDT
Perp
90,825
+2.98%
