BONK's Bear Trap or Bull Launch? An important level that can turn the game upside down

After weeks of constant bleeding, BONK is hovering near a point that could change everything. Traders watching closely are wondering one thing: is this preparation for a devastating crash or the beginning of an explosive 25% rally? Over the past month, BONK has been stuck inside a descending channel, respecting resistance and support levels like clockwork. Memecoin tested the $0.0000099 support zone twice—this level, which held firm in early 2024, is now back in focus. If it breaks, we could see new lows for the year. But what if it holds? A rally to $0.000014 could be in sight. BONK is struggling to break the pattern The chart structure is clear—downward pressure is prevailing. BONK price has recently faced a rejection from the upper boundary of the channel, reaffirming its downtrend. Now, the channel line between the (trước serves as both support and resistance cự) is the next short-term battlefield. However, there is a change. The (RSI) relative strength index has just rebounded above 50—usually a sign that bullish momentum is emerging. This rebound from $0.0000099 indicates that buyers are bullish. But technical indicators alone do not confirm a trend reversal. The (OBV) balanced volume suggests a more cautious story. Despite last week's recovery, OBV remained flat, around February–March lows. This reveals an unpleasant truth: demand remains weak. Without bullish volumes to support this move, BONK may be staging only a mild rally, rather than a breakout. Heat maps suggest short-term goals An important clue lies in the liquidation heatmap, where trader behavior becomes apparent. According to data from Coinglass, BONK is approaching the pocket of liquidity at $0.0000113. This area—just below the current market price—has the potential to be a short-term magnet, especially for quick rallies or hunting for stop-losses. But the real prize lies further away. A larger liquidation team is waiting at $0.000014, just near the top of the descending channel. If BONK manages to gather some upward momentum, this level could become the next target for buyers - a potential increase of 25% from the current levels. However, there is one thing worth noting. Traders should remain sharp—the trend is still bearish Despite these promising signs, the general trend remains against BONK. The descending channel has not yet been disabled. Until BONK convincingly breaks the structure, buyers will remain cautious—and rightly so. Every rally so far has been met with selling pressure, and if there is no breakthrough in volume, then there is no strong reason to change that. For now, smart traders will likely see any rebound as an opportunity to blur the move, shorting until the chart shows a different story. But everything will change if BONK breaks the upper channel in high volume. Conclude BONK is at a crossroads. Hovering above the critical support zone, the memecoin is staging a fake before dropping further or putting pressure on a sudden breakout. In a volatile market like this, a sudden move can get bears stuck—or cause over-leveraged bulls to suffer.