BONK Falls 5% to $0.00001223 After Rejection at Key Resistance

💡 DMK Insight

BONK’s recent 5% drop signals a critical moment for traders: resistance at $0.0000130 is holding strong. With trading volume spiking nearly 50% above average during this pullback, it suggests that sellers are stepping in aggressively. This resistance level has become a key battleground; if it continues to hold, we might see further downside. Traders should be cautious, as a failure to reclaim this level could lead to a deeper correction. On the flip side, if BONK can break above $0.0000130 with sustained volume, it could trigger a short squeeze, pushing prices higher. Keep an eye on the daily chart for any bullish reversal patterns or volume spikes that could indicate a shift in sentiment. Watch for the next few trading sessions—if BONK can’t reclaim that resistance soon, it might be time to reassess positions or consider shorting on further weakness.