BONK Price Drops Further After Facing Strong Resistance, Tests Key Support Level

The price of BONK continues its downward trend, facing a significant rejection at a crucial resistance level. This bearish momentum has pushed the meme coin back towards its nearest support zone, where market participants are closely watching for a potential bounce or further decline. Technical analysis indicates that the failure to break above resistance has intensified selling pressure. The token's performance remains tied to broader sentiment in the cryptocurrency market, particularly within the Solana ecosystem. Traders are now monitoring the strength of the current support level, as a decisive break below could signal an extended correction for BONK.