$BONK
📉 BONK/USDT Short Analysis
1. Current Price & Performance
Current Price: 0.00000876 USDT
Price in Local Currency (implied): Rs. 0.00247426
24h Change: -8.65% (The token is experiencing a significant drop over the last 24 hours).
24h High: 0.00000974 USDT
24h Low: 0.00000860 USDT
The price is currently very close to its 24-hour low, suggesting strong selling pressure.
2. Volume & Liquidity
24h Volume (BONK): 1.72T (1.72 Trillion BONK tokens traded)
24h Volume (USDT): 15.41M (15.41 Million USDT traded)
The volume is relatively high, indicating active trading during this price movement.
3. Moving Averages (MA) & Trend
The chart shows three simple moving averages (MAs) on the 15-minute timeframe:
MA(7): 0.00000881
MA(25): 0.00000874
MA(99): 0.00000909 (This long-term MA is significantly above the current price)
Interpretation:
The current price (0.00000876) is between the MA(7) and MA(25), suggesting a brief consolidation or attempt to stabilize after a drop.
However, the price is significantly below the MA(99), and the three MAs appear to be ordered (MA(99) > MA(7) > MA(25) > Price, or very close), which is a classic technical sign of a short-term bearish trend on the 15-minute chart, as illustrated by the declining purple and yellow lines.#BONK🔥🔥