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BONK has entered a consolidation phase on the 4-hour timeframe following a significant pullback. The token is currently defending the $0.0000076–$0.0000078 support zone, a crucial level that traders are watching closely. If buying pressure returns and price manages to break above the $0.0000085 resistance, we could see a potential bounce rally testing toward $0.0000090. However, if this support zone fails to hold, further downside moves may follow. The next few candles will be telling for determining which direction volatility breaks.