Bonk (BONK) price crashed 30% from its recent peak and is gravitating towards a critical support zone.
Bonk price crashed 30% from its recent high at $0.0000444 on May 28. Investors could accumulate BONK at support levels extending between $0.0000293 and $0.0000278. A daily candlestick close below $0.0000206 would invalidate the bullish thesis. Bonk price crashed 30% from its recent peak and is gravitating towards a critical support zone. This correction presents a potential buying opportunity for investors anticipating a rebound and subsequent upward trend continuation for the meme coin.
-day chart However, if the BONK daily candlestick closes below $0.0000206 and forms a lower low on the daily time frame, it could lead to a change in trend favoring the bears. This change in market structure would invalidate the bullish thesis and catalyze a 16% crash in the Bonk price to revisit the previous support level of $0.0000173.
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