$BONK / USDT Market Update 💦💦

Bonk token has been making headlines with its recent price movements. Here are some key updates:

Market Performance

- *Current Price*: $0.00002272, with a 5.9% increase in the last 24 hours

- *Market Capitalization*: $1.76 billion, ranking #71 on CoinGecko

- *24-hour Trading Volume*: $650.75 million, representing a significant increase in market activity

Recent News

- *Bullish Trend*: Analysts predict a potential breakout, with wave (v) targets lying near $0.000022-$0.000026

- *Correction Stage*: BONK recently completed a corrective move following a sharp rally and is now attempting a breakout

- *Resistance Levels*: Key resistance levels to watch are $0.00001860 and $0.00002156, with support levels at $0.00001676 and $0.00001528

Technical Analysis

- *Wave Structure*: The 4H chart displays a clear impulsive structure, suggesting a potential continuation of the bullish trend

- *Relative Strength Index (RSI)*: RSI touched oversold conditions, printing a hidden bullish divergence, which signals a likely continuation upward ¹