Bonk price shows fading momentum as low-volume trading signals weakening demand, with the price likely to retest lower support near $0.00001054 before any potential recovery. Summary Bonk trades mid-range between $0.00001054 support and $0.0000187 resistance. Declining volume indicates weak demand and bearish pressure. A retest of $0.00001054 could precede a range rebound if demand returns. Bonk’s (BONK) price action has weakened notably over recent sessions, with fading volume and a lack of bullish follow-through suggesting the market is losing momentum. Despite previous attempts to recover, the price action has failed to establish a strong bounce, remaining mid-range between key support and resistance zones. With volume continuing to decline, the probability of a rotation toward lower support near $0.00001054 has increased. Bonk price key technical points Low-Volume Bounce: The current rally lacks significant trading volume, signaling weak demand. Key Support: The 0.618 Fibonacci level aligns with high-timeframe (HTF) support near $0.00001054. Range Resistance: The upper boundary of the range remains untapped at $0.00001879. You might also like: Tokyo-listed Quantum Solutions becomes largest ETH treasury outside US BONKUSDT (4H) Chart, Source: TradingView Bonk’s current structure shows the price trading near the middle of its established range, caught between key resistance at $0.00001879 and high-timeframe support at $0.00001054. The asset has attempted multiple low-volume bounces, each of which has failed to gain traction. This lack of strong buying pressure reflects a market that remains dominated by passive participants, with limited momentum for a sustained recovery. From a structural perspective, the 0.618 Fibonacci level continues to serve as the most significant support zone. If this level is tested, liquidity could be swept before a potential rotation toward the upside. However, until such a move occurs, the absence of rising volume suggests that sellers still hold the upper hand. You might also like: Shiba Inu price poised for reversal as T. Rowe Price signals backing with SHIB inclusion in Multi-Coin ETF At present, Bonk’s market structure is neutral-to-bearish, as low volume and a lack of bullish conviction weigh on short-term sentiment. The token remains range-bound, consolidating without meaningful expansion in either direction. A clear rise in trading activity will be required to shift this structure toward a more bullish outlook. If the price rotates down to retest the $0.00001054 level and finds consistent demand there, this could confirm the lower boundary of the range and set the stage for a new accumulation phase. On the other hand, if volume continues to decline and the price loses this support, Bonk could extend its correction further, testing uncharted lower zones before forming a base. What to expect in the coming price action As long as volume remains low, Bonk’s price action is likely to drift lower toward the $0.00001054 support. A strong bounce from this level would suggest renewed buying interest and could trigger a rotation back toward the $0.00001879 resistance. Read more: Coinbase CEO claims crypto market structure bill has bipartisan support: report