BONK continued to be under pressure, with sellers continuing to dominate price action on the daily chart. The token has failed to stage a meaningful recovery afterBONK continued to be under pressure, with sellers continuing to dominate price action on the daily chart. The token has failed to stage a meaningful recovery after

BONK Price Under Pressure as Sellers Defend $0.000001025 Resistance

2025/12/14 07:24
  • BONK remains under pressure as lower highs and heavy selling continue on the daily chart.
  • A bearish flag persists, with 0.000001025 acting as key resistance for potential shorts.
  • Weak EMAs, subdued MACD, and falling volume point to limited upside momentum.

BONK continued to be under pressure, with sellers continuing to dominate price action on the daily chart. The token has failed to stage a meaningful recovery after declining. Market structure is still weak, and sentiment remains cautious. Analysts continue to watch for consolidation around current levels for indications of the next move in either direction.

Price Consolidates Below Key Resistance

A crypto analyst, CryptoPulse highlighted the higher timeframe trend, which is still strongly bearish. On the daily chart, BONK has drawn consecutive lower highs and lower lows. Large red candles in particular have come in large numbers, indicating persistent selling pressure. 

Price is currently consolidating within a bearish flag formation, which is often a choppy pattern for trend continuation. CryptoPulse mentioned that this structure would be more in favor of downside follow-through than a trend reversal.

Source: X

Analysts mentioned an area of $0.000001025 as an important resistance zone. A retest of this level may offer short opportunities with a greater chance than long positions. The analyst observed that there was another possibility, that there would be a sharp break below the existing support zone. It would confirm the bearish pattern flag, and there was a potential for further downside movement.

EMAs and MACD Reinforce Bearish Technical Structure

Technical indicators are adding strength to the larger weakness. BONK is trading close to $0.00000094, well below major exponential moving averages. The EMA of 20 days is about 0.00000097, which is immediate resistance. 

Also Read: Dogecoin (DOGE) Price Analysis: A break above $0.21 Could Trigger $0.60

The 50-day EMA is close to 0.00000114, followed by the 100-day EMA at around 0.00000141. The 200-day EMA continues to be elevated, approaching 0.00000168, with a strong overhead supply and a firm bearish long-term structure.

Source: TradingView

The Moving Average Convergence Divergence (MACD) continues to trade below the zero line. The MACD line is at -0.00000046, and the signal line is at -0.00000060. The histogram has turned slightly positive near 0.00000014, suggesting downside momentum is slowing down but not in reverse. The indicator has not yet provided the bullish crossover.

BONK Trading Volume and Open Interest Decline

CoinGlass data shows that the trading volume for BONK fell by 51.28% to $20.62 million, indicating lower activity. Open interest was down 2.63% to $8.91 million, signaling position unwinding rather than position accumulation. The OI-weighted funding rate is 0.0064%, showing limited long-side leverage.

Source: CoinGlass

However, BONK is still trading within a bearish framework. While the analyst highlights the risks of continuation on the downside, technical and derivatives data prove weak momentum. Without a break above important resistance levels, the current trend is still skewed to the downside.

Also Read: Aave Eyes Breakout With Short-Term Target at $260–$280 Zone

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