Market Overview: BONK/USDT at a Crucial Support Level

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Monday, Jan 5, 2026 8:49 pm ET1min read
USDT
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BONK
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Aime RobotAime Summary

- BONK/USDT tested 1.205e-05 support but failed to hold, triggering a sharp decline to 1.15e-05.

- Surging volume during breakdown confirmed bearish momentum, with elevated selloff conviction.

- RSI oversold near 28 and Bollinger Band contraction signaled potential rebounds and directional breakouts.

- Key 1.15e-05 support aligns with 61.8% Fibonacci retracement, with 1.17e-05 as a potential short-covering target.

- Traders remain cautious as 24-hour volatility persists, with outcomes dependent on holding above critical support.

Summary
• Price retreated from a morning peak and tested prior support, failing to hold above 1.205e-05.
• Volume surged during the breakdown, confirming bearish momentum with no counter-trend accumulation.
• RSI and MACD signaled oversold conditions, suggesting a potential rebound near 1.17e-05.
• Bollinger Band contraction late in the session hinted at a possible directional breakout.

Price and Trading Activity


Bonk/Tether (BONKUSDT) opened at 1.219e-05 and peaked at 1.25e-05 before falling to a 24-hour low of 1.15e-05. The session closed at 1.161e-05. Total volume reached 1.48e+12, with a notional turnover of 17.95 million USD.

Structure and Momentum


Price formed a bearish engulfing pattern as it broke below key support at 1.205e-05, triggering a sharp decline. The 20/50 EMA on the 5-minute chart confirmed the downward bias during the breakdown. RSI entered oversold territory near 28, suggesting a potential short-term rebound, while the MACD remained bearish with a negative histogram.

Volatility and Volume


Bollinger Bands narrowed significantly during the late hours, signaling a potential breakout. Volume spiked during the breakdown and remained elevated throughout the selloff, suggesting conviction in the bearish move. Notional turnover surged during the session’s closing hours, aligning with price action.

Key Levels and Retracements


Support now rests at 1.15e-05, with a 61.8% Fibonacci retracement of the morning rally aligning closely. A bounce from this level could trigger a 38.2% retracement to 1.17e-05, offering potential for a short-covering rally.

Outlook


If BONK/USDT holds above 1.15e-05, a recovery toward 1.17e-05 appears likely, but a break below that could extend the correction. Traders should remain cautious for further volatility ahead of the next 24-hour cycle.