$BONK is currently trading at 0.00001464 USDT, indicating a bearish market sentiment.
The token hovers near a critical support level of 0.00001412 USDT, with resistance set at 0.00001609 USDT.
An RSI of 34.08 suggests oversold conditions, making a pullback entry a plausible strategy.
However, traders should remain cautious of Bitcoin's volatility and emerging macroeconomic factors that could impact market direction.
