๐๐ข๐ก๐ ๐๐๐บ๐ฝ๐ ๐๐ผ $0.000023+ ๐ฎ๐ ๐ฉ๐ผ๐น๐๐บ๐ฒ ๐๐ผ๐๐ฏ๐น๐ฒ๐ โ ๐๐ฎ๐ป ๐๐๐น๐น๐ ๐๐ฟ๐ฒ๐ฎ๐ธ $0.000024?
๐ BONKโs Breakout: What Just Happened?
BONK, one of the top meme tokens, saw trading volume soar by 115% in the last 24 hours, pushing price up to $0.00002326 โ a gain of about 3.2%.
This move came as BONK broke out of an ascending triangle pattern on the 8-hour chart. Such breakouts often signal that buyers are pushing harder, and fresh momentum could follow.
๐ Key Technical Levels to Watch
๐น Immediate resistance: $0.00002434 โ price tested but hasnโt cleared it yet.
๐น Short-term support: $0.00002187 โ buyers have stepped in here several times.
โ ๐น Next big target: $0.00003000 if price breaks above resistance and holds.
โ ๐น Downside risk: if support fails, watch $0.00002084 and $0.00001736 as next supports.
Currently, BONK is trading around $0.00002283 โ just below resistance.
๐ Why Volume Matters
A 115% volume surge means more traders are active โ usually a bullish sign.
But if price canโt break $0.00002434 despite high volume, it could mean buying power is fading, and we might see a pullback.
โ๏ธ Meme Coin Trend Boost
BONK isnโt alone โ other meme coins like PENGU and PNUT are also gaining. This broader meme market momentum often helps keep BONKโs price supported.
BONK also gained 2.7% vs BTC, which shows strength not just in dollar terms but against Bitcoin too.
๐ Bottom Line for Traders (Simple Take):
โ If BONK breaks and holds above $0.00002434, bulls could aim for $0.000026 then $0.000030.
โ ๏ธ If price fails to hold and dips under $0.00002187, expect a retest of $0.00002084 or even $0.00001736.
๐ Keep an eye on volume: rising volume with rising price = strong move; rising volume but flat/falling price = caution.