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BONK PRICE ANALYSIS & PREDICTION (June 18) – Bonk Extends Bearish Following Another Rejection, Down 30% Monthly

  • Bonk price has been bearish, extending losses by 30% monthly and being highly bearish on intraday trading.
  • The price rejection in mid-May at $0.000026 led to a significant decline, closing below $0.00002 for the month.
  • Bonk fell to $0.000014 level, formed a new bearish pattern, but consolidated towards the end of the week.
  • Volatility increased on Monday, bringing the price to $0.000016 before dropping again, leading to more bearish traps.
  • Bears are expected to dominate in the coming days unless bulls manage to intercept the current downward trend.
  • Key resistance levels to watch are $0.0000183, $0.0000244, and $0.0000314, while key support levels are $0.000013, $0.0000114, and $0.0000089.
  • The spot price is $0.0000139, trend is bearish, and volatility is high.

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