$BONK
🚨 Bonk coin Technical Outlook 🚨
This recent momentum has allowed BONK to surpass the daily SMA 50 at $0.00001252, a level that had capped its price since December 2024.
Technical analysts are now watching the next resistance level at $0.00002411, which coincides with the daily SMA 200, as a potential target for continued upward movement.
While the weekly gain is substantial, the token remains well below its all-time high from November 2024.
Investors are now questioning whether this rally represents a temporary bounce or the beginning of a more sustained recovery for the Solana-based meme coin.
Several factors will likely influence BONK’s trajectory. The overall performance of the Solana blockchain will continue to play a crucial role in determining BONK’s success.
Market sentiment toward meme coins will also impact BONK’s price action. While meme coins have shown resilience despite market fluctuations, they remain susceptible to rapid sentiment shifts.
BONK’s current trading price of $0.00002179 represents a strong recovery from April lows but still sits at roughly 63% below its all-time high.