Bonk Holds Support — Await Volume for Relief Rally
I’m watching BONK after heavy selling pushed the Solana meme token lower but saw it hold a key support zone. That hold reduces immediate downside risk but doesn’t guarantee a sustained recovery.
Trading volume is still weak and market structure looks fragile; I want to see either a clear break above near-term resistance or renewed buying interest before increasing exposure. If support fails, downside can accelerate quickly.
For now I’m inclined to wait for confirmation or consider a staggered buy on a cleaner retest of support rather than committing at current levels.
Analysis
Recommendation
I’m watching for confirmation — either a volume-backed breakout or a lower-risk re-entry at a confirmed retest of support. Avoid adding large positions until price action improves.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.