#Bonk Recovery Phase?🚀🚀
After a week of declines, BONK has experienced a remarkable rebound, with a price of $0.0000267. This momentum coincides with the bounce of Bitcoin, which has reached $114,000.
The previous drop was driven by economic uncertainty and risk aversion, severely impacting memecoins. However, the recent burning of over 11.5 trillion tokens, along with slight optimism in the funding rate, suggests that there may be a trend reversal on the horizon.
The next challenge for $BONK will be to overcome key resistances, which will determine whether this movement is merely a temporary relief or the beginning of a sustainable recovery.