๐ถ $BONK Holds Strong โ Bullish Momentum Still Alive!
BONK has seen its share of ups and downs this May, but it's now back at its starting line. After a rejection at the local high of $0.00002581, the price pulled back to around $0.00001820, now stabilizing at the 4H 200 EMA โ a classic support level for bullish continuation (๐ฅ).
Despite the drop, this retracement looks more like a healthy correction than a bearish reversal. In fact, the pullback aligns with a 77% Fibonacci corrective move, a level often associated with bullish rebounds. This retracement zone also overlaps with a daily support area between $0.00001832 โ $0.00001841, creating a strong technical foundation (๐โก๏ธ๐).
Currently, BONK is sitting near the POC resistance at $0.00001955, which previously marked a pivot before the last pullback. A confirmed breakout above this key level could trigger a rapid move to the next resistance at $0.00002581, and eventually toward the $0.00003243 zone โ the projected target aligning closely with Januaryโs open around $0.000035 (๐).
If bulls break and hold above the POC, BONK could surge 77% from its current levels and possibly challenge its 2025 highs or even its all-time high. Itโs all about how the price reacts right here, right now.
Current Price: $0.00001995 (up 1.6% in 24H)
Eyes on the POC โ break it, and BONK could fly! (๐๐)
Stay ready โ BONK could be gearing up for liftoff!
