$BONK Let's take a look at Bonk Coin's support and resistance levels! 😄

​Support and resistance are key concepts in technical analysis.

​Support is a price level where a downtrend is expected to pause due to a concentration of demand. Think of it as a "floor" where buyers step in to prevent the price from falling further. If the price touches a support level, it often bounces back up. 💪

​Resistance is the opposite – a price level where an uptrend is expected to pause due to a concentration of supply. It acts like a "ceiling" where sellers are likely to enter the market, preventing the price from rising higher. If the price reaches a resistance level, it often pulls back down. 📉

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BONK

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