BONK Stalls Below Key Resistance – Is It Time to Buy the Dip or Wait?
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BONK, the popular meme coin, has hit a wall near a crucial resistance level, prompting traders to ask – is this a dip worth buying, or should they wait for clearer signals?
🔹 Recent rejection at familiar resistance
BONK's price recently faced rejection at the $0.0000249 level — the same zone that halted bullish momentum on May 14. This level had previously served as a key resistance during the downtrend seen in late January.
Despite this setback, BONK still maintains a bullish market structure on the daily chart. The token has defended a rising trendline support for nearly a month, which has consistently prevented deeper price drops.$ETC $BNB
