BONK Regains Some Ground With 4.6% Gain
Summary
The Solana-based meme token BONK reversed recent losses, climbing 4.6% to $0.00001394 and establishing a new local high near $0.000013968 after breaking the $0.00001380 resistance level. This bullish movement was confirmed by a significant 67% surge in 24-hour trading volume, indicating strong participation. Market sentiment is shifting toward cautious optimism, with traders watching the $0.00001400–$0.00001410 band as the next resistance target. The price action is supported by an ascending structure, reinforced by buying interest around $0.00001375–$0.00001380. If BONK sustains momentum above this breakout zone, further short-term upside is favored, though a close below $0.00001380 could lead to range-bound trading.
(Source:CoinDesk)