Recently, the price movement of BONK in the Crypto Assets market has attracted widespread follow from investors. From the perspective of Technical Analysis, BONK shows two noteworthy signals on the 4-hour chart.

First, the MACD indicator formed a death cross at the zero axis, while a top divergence pattern emerged. This combination is typically seen as a warning signal for a potential decline in the short term, and investors should remain vigilant.

Secondly, the current price of BONK is at a key support level of an upward trend line. If this trend line is broken, we may see the price further decline to around 17734. Interestingly, this position could very well become a focal point for investors looking for buying opportunities.

It is worth mentioning that market analysts generally believe that under this technical formation, investors should closely follow the price movement and make decisions based on their own risk tolerance and investment strategy. Some experienced traders may choose to set stop-loss orders near support levels to control potential downside risk.

At the same time, we must also recognize that the volatility of the crypto assets market is significant, and technical analysis is only one of the reference factors for decision-making. Investors should also follow various factors such as the project's fundamentals, market sentiment, and the overall economic environment to make more comprehensive judgments.

Overall, the short-term price movement of BONK seems to be facing some downside pressure, but it may also provide potential entry opportunities for savvy investors. In any case, it is crucial to remain calm and rational in this rapidly changing market.