Bonk price shows fading momentum as low-volume trading signals weakening demand, with the price likely to retest lower support near $0.00001054 before any potential recovery.

Bonk’s (BONK) price action has weakened notably over recent sessions, with fading volume and a lack of bullish follow-through suggesting the market is losing momentum. Despite previous attempts to recover, the price action has failed to establish a strong bounce, remaining mid-range between key support and resistance zones. With volume continuing to decline, the probability of a rotation toward lower support near $0.00001054 has increased.

Bonk price key technical points

• Low-Volume Bounce: The current rally lacks significant trading volume, signaling weak demand.
• Key Support: The 0.618 Fibonacci level aligns with high-timeframe (HTF) support near $0.00001054.
• Range Resistance: The upper boundary of the range remains untapped at $0.00001879.

Bonk’s current structure shows the price trading near the middle of its established range, caught between key resistance at $0.00001879 and high-timeframe support at $0.00001054. The asset has attempted multiple low-volume bounces, each of which has failed to gain traction. This lack of strong buying pressure reflects a market that remains dominated by passive participants, with limited momentum for a sustained recovery.

From a structural perspective, the 0.618 Fibonacci level continues to serve as the most significant support zone. If this level is tested, liquidity could be swept before a potential rotation to

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Author: Aziz Zamani