BONK Explosive Rebound! Price Soars 60%, Poised to Challenge $0.000040!

The meme coin BONK on the Solana chain is experiencing a fierce rebound! After months of stagnation, BONK has broken through its downward trend, with the price surging 60% in just a week, successfully surpassing a key moving average. Especially with the Solana Accelerate event approaching from May 19 to 23, the market is filled with expectations for BONK's prospects.

On the technical side, BONK has broken through the Fibonacci support level at $0.00001990, with the current target aiming for $0.00002517. If the upward momentum continues, it may even challenge the key price level of $0.00003369. The RSI indicates strong buying momentum but also hints at a risk of correction.

Crypto analysts are bullish, predicting that BONK is likely to advance towards $0.000040 after breaking through the 200-day moving average, becoming the star of altcoins in the second quarter!