BONK weekly still looks deeply bearish, but is there a small hope for the short term? 🐶💔

#Bonk The price has risen 5.55% in the past 24 hours, but trading volume has decreased by nearly 10%. The short-term increase relies more on the repurchase news from the platform Bonk.fun at #solana (51% repurchase fee vs currently 10%).

The weekly chart shows that the long-term support of $0.0000096 has been breached and turned into resistance. RSI 36, OBV declining, making it difficult for bulls to reverse the trend.

However, there are highlights on the 4-hour chart: the price is oscillating in the range of $0.00000846–$0.0000105, OBV is recovering, and short-term buying is active. However, bulls still need to break through the upper range of $0.0000105 before the next target can look towards $0.0000135.

Trading strategy: Buy low and sell high within the range, don't easily bet on reversals before breakthroughs, and patiently observe #BTC and overall market sentiment #加密市场观察