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$BONK Technical Analysis Update by Cryptopatel
#BONK has broken support at $0.00001 and is now retesting this level.
🔴 Red Zone: $0.000010 – $0.00001125 → if price stays below, it’s bearish and could retrace to $0.00000450 – $0.00000350 → the best accumulation zone.
Retracement Alert: Failing to reclaim $0.00001 could lead to a 50–70% drop in the coming weeks.
Bullish Scenario: A clean break above $0.00001250 flips $BONK super bullish, with potential 200–400% upside.
Trade Tip: Watch the red zone for entries and the lower accumulation zone for buying opportunities.
Summary:
Below $0.00001 → bearish / accumulation
Above $0.00001250 → strong bullish breakout
#BONK #Memecoin