BONK experienced a significant setback on Friday, plummeting over 5% during US trading hours. This downturn comes after a brief recovery mid-week, suggesting a potential loss of momentum for the cryptocurrency.
The lack of sustained upward movement indicates a lack of confidence among buyers. This raises concerns about a potential pullback towards previous support levels.
The burning question now is, Will this correction deepen? Only time will tell. Investors are closely monitoring the situation, hoping for a rebound or bracing for further price drops.
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