BONK has gained 5.55% in the last 24 hours, but the bigger picture remains fragile. According to CoinMarketCap, daily trading volume has dropped nearly 10%, signaling that the recent price bounce lacks strong conviction from buyers.

The recent optimism mainly comes from Bonk.fun, a Solana-based launchpad that announced a major shift in its tokenomics:

👉 51% of platform fees will now be used to buy back BONK, compared to only 10% previously.

This aggressive buyback mechanism has improved short-term sentiment, but price structure remains deeply bearish on higher timeframes.

📉 Weekly Chart: Long-Term Support Has Been Lost

On the weekly timeframe, BONK continues to show a clear and persistent downtrend.

The critical support at $0.0000096, which held since early 2024, has now been decisively broken and flipped into resistance. Two consecutive weekly closes below this level confirm that bullish control has been lost.

Momentum indicators also paint a bearish picture:

RSI near 36 → strong bearish dominance

OBV continues to trend downward → smart money is still distributing

This confirms that the market is still under heavy selling pressure, and any upside should be treated as a corrective move, not a confirmed trend reversal.

⏱ 4H Timeframe: Short-Term Relief but No Reversal Yet

On the 4-hour chart, BONK is currently ranging inside a compression zone between:

Support: $0.00000846

Resistance: $0.00001050

Within this range:

OBV has started to slope upward

RSI has stabilized around neutral levels

This suggests that buyers are cautiously returning, but this strength is still insufficient to invalidate the larger bearish trend.

Losing $0.0000096, especially just below the key psychological level of $0.00001, dealt a serious blow to market confidence. Without reclaiming that zone with strong volume, any upside remains highly vulnerable to rejection.

🎯 BONK Trading Scenarios (Buy – Sell – TP – SL)

✅ Bullish Breakout Scenario (Lower Probability)

Buy Entry:

→ After a confirmed breakout and 4H close above $0.0000105

Stop Loss:

→ $0.00000985

Take Profit Targets:

TP1: $0.0000118

TP2: $0.0000135

This setup only becomes valid after a clear breakout + successful retest. Without confirmation, this trade is NOT recommended.

❌ Bearish Rejection Scenario (Higher Probability)

Sell Entry (Short):

→ At rejection near $0.0000103 – $0.0000105

Stop Loss:

→ $0.0000110

Take Profit Targets:

TP1: $0.0000094

TP2: $0.0000085

TP3: $0.0000079 (if Bitcoin turns bearish)

This range-trading approach fits the current sideways-to-bearish structure much better.

⚠ Final Outlook

Even if BONK manages a short-term breakout, overall market sentiment and Bitcoin’s trend will remain the deciding factor. Without strong BTC support and a reclaim of $0.0000105–$0.0000096, the probability of sustained upside remains limited.

For now, range trading and cautious position sizing remain the most rational strategies.

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