The video analyzes BONKUSDT. The analyst notes that BONK has been rejected at resistance multiple times, evidenced by weak weekly candles indicating strong selling pressure around the 0.000034963 area. A pullback is occurring. It's down 43% from its recent high. The analyst points out that BONK is sitting at the 0.618 Fibonacci retracement level, which many investors trade around. The current formation resembles a falling wedge, potentially spiraling further down before a slingshot upwards. Performance-wise, it's down 40% on the month and 4% on the day. Volume is currently 416.4k and it reached 3.725B during the last bull run. Potential trading bonus sign-up is available at KCEX.