$BONK has slipped sharply from its 1.96e-5 high and is now testing the 1.88e-5 region. Price action is forming lower highs along a descending channel, reflecting sustained sell pressure. Still, buyers have historically defended this lower boundary.
A relief bounce toward 1.92–1.94e-5 remains possible, but failure to reclaim trend resistance keeps risk tilted to the downside.
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