BONK dey defy Solana Meme Coin downtrend but e dey face technical resistance plus volatility risks
BONK, one beta meme coin for Solana blockchain, dey still dey attract crypto traders attention. For past weeks, BONK don show strong foundation, like 50% price jump last one month, work with Bravo Ready games, plus e dey make daily revenue reach $1.72 million. On-chain data show say big whales don dey accumulate plenty, plus net positive inflows dey, wey make am different from other Solana meme coins weh dem dey flow capital comot. But technical analysis dey give warning: BONK no fit regain MA200 level for daily and 4-hour charts, wey dey show say na big resistance dey. Support dey for $0.0095, if e no fit hold this level, short-term price fit fall small. Even though the daily RSI still dey bullish zone, recent momentum don slow down, mean say cooldown or correction fit happen soon. Community still optimistic, but traders suppose ready for higher volatility and downward price pressure soon. To confirm bullish trend reversal, dem need to hold MA200 level steady. Traders for BONK and other Solana meme coins suppose watch these technical levels well well.
Bearish
Even though BONK get solid fundamental growth and net capital inflows weh make am different from other Solana meme coins, technical analysis dey show say e dey face strong resistance for MA200 level and momentum dey decrease for plenty timeframes. Dis one plus di fact say e no fit hold above key support levels, dey signal say short-term volatility go increase and price fit drop small. Even though long-term optimism dey because of on-going project integration and whale interest, immediate trading conditions dey call for caution, wey match bearish short-term outlook till BONK fit reclaim and stay above major resistance levels.