BONK Price Approaches Critical Support Level Amid Potential Bullish Breakout
BONK is nearing a critical support level, with its price movements indicating potential outcomes. Key points include:
- The price may either break out to retest an all-time high of $0.00005825 or decline below $0.00001497.
- BONK has traded within a descending channel for three months, showing lower highs and lows since its peak on November 20, 2024.
- Currently at a support zone around $0.000026, a double bottom pattern could emerge if confirmed by buyers entering the market.
- Important levels include breaking above $0.000030-$0.000031 to initiate a bullish move.
- Resistance levels to watch are $0.00003657, $0.00004754, and $0.00006340.
- If BONK fails to show bullish signals, it risks dropping below $0.000026, necessitating confirmation for a rebound.
- As of now, BONK trades at $0.00002863, up 5% in the last 24 hours.
