The analysis focuses on BONK's price action, suggesting that the move down looks technically complete. The cryptocurrency has moved into a support zone and a target zone, which may allow for a pullback. The move down consists of five waves, and the current level may be the bottom of wave 4. A move to the upside is anticipated, potentially initiating wave 5. A break above the swing high at 0.000030107 is required to confirm the low. A next target is around 0.000049672 based on the 138% extension for wave 5 of 3.