Is the BONK Dip a Bargain or a Trap? Find Out Now!

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  • The trendline support has been more reliable than your Uncle Fred at a poker game.
  • Buyers looking to jump back into BONK might want to hold their horses—or wait for a better price.

Well, well, well. BONK [BONK] has been playing hard to get at the $0.0000249 resistance level—just like that one cousin who never wants to commit to dinner plans. This is the same stubborn price point that sent BONK’s bulls packing back on May 14th. If you peek at the 1-day chart, you’ll see BONK was struttin’ around in a bullish structure, flexing its rising trendline support for nearly a month like it owned the place.

But, alas, when it came time to break that resistance ceiling, BONK flinched. It couldn’t climb above the $0.0000249 resistance, which had previously been kind enough to form a lower high back in January’s chilly downtrend. Talk about a missed opportunity.

In the past three weeks, BONK’s trading volume has been more dramatic than a soap opera. The OBV (On-Balance Volume, for those not in the know) has been climbing like a caffeinated squirrel. May saw some solid buying pressure, so at least someone’s buying this dip.

But don’t get too excited yet. Over the last week, BONK’s RSI went from “let’s throw a party” to “meh, let’s just chill” as it shuffled toward neutral/weakly bullish momentum. It was almost like watching someone excitedly start a marathon… then decide halfway to just take a nap.

All signs point to a bullish mood shift in the air. If you can handle a little rollercoaster, a retest of that trendline support could be your golden ticket for picking up a bargain.

Where should BONK traders scoop up the dip?

Take a look at the 4-hour chart, which shows a range formation that’s been hanging around like your aunt’s endless holiday fruitcake. This range (purple, for those who like their colors specific) goes from $0.000018 to $0.000024. The mid-range? $0.000021—served as support just a few days ago. Go ahead, you can have a moment of silence for that glorious mid-range support.

RSI on the 4-hour chart? A little bearish, like that cousin who always comes to family events with a dark cloud. However, the OBV didn’t drop like a rock, and trading volume during the price dip has been more lackluster than a soggy sandwich. This suggests that buyers, like people searching for lost socks, will soon regain their strength and push the price back up.

Now, let’s talk about the elephant in the room: Bitcoin [BTC]. Over the last two days, Bitcoin decided to throw a temper tantrum and reset from the $111k mark, dragging poor BONK down beneath the $0.000021 support. But never fear! BONK’s got a few more tricks up its sleeve, and those lower levels (trendline resistance or the local low at $0.000018) could be the perfect chance to scoop up some of those juicy dips.

So, go ahead. Make your move, but don’t blame me if the memecoin gods throw a curveball your way.

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2025-05-26 09:15