A life-or-death battle in Bonk (BONK): He can see the bottom!

The famous memecoin of the Solana ecosystem Bonk (BONK) has scared its investors with its 30% drop in the last week.

BONK, which made incredible rises with popular stock market listings a few weeks ago, is now upsetting its investors. The memecoin, which has been declining due to BTC's lack of confidence, has lost 30 percent of its value since January 11. The most striking aspect of the business for BONK was that it was heading towards the bottom price. The price movements of the popular coin, which will ring the danger bells with the breakdown of the next support level, are eagerly awaited.

The price is being pulled down with short trades!

With the continuation of the pessimistic mood in BTC, the BONK, which is constantly under selling pressure, is moribund, especially on the futures side. The memecoin, which has been shorted as the market shows signs of bearishness, is in a big fight. As of the current process, the BONK, which is trading at $0.00001313, may test the range of $0.00001070 – $0.00001000 if it does not react at $0.00001238. If the green box is lost, a big wave of sales will be inevitable.

If the number of users in the Solana ecosystem increases, memecoins attract more attention, or the needle in BTC turns positive, the BONK can be targeted for higher levels again. In such a scenario, the prices to watch as resistance are $0.00001490 – $0.00001621 – $0.00001765 – $0.00001871 – $0.00002057 and $0.00002173, respectively. The red box will be the most critical zone for the price structure on small timeframes.