Given funding rates becoming bullish, is BONK Gearing Up for a Breakout?

Recent months have seen notable volatility in the bitcoin market as meme currencies like BONK see major price fluctuations. Following an amazing comeback in late 2024, BONK has had a significant downturn.

Right now trading at $0.00001316 and slightly down 0.28% over the previous 24 hours. With a breakthrough surge, could the BONK price manage to hit $0.000019?

November–December 2024 witnessed a strong rise in Bonk, which peaked at around $0.00005380. The price entered a corrective phase after this high and plummeted more than 75%.

Recent price activity shows that at the $0.00000942 support level BONK has produced a double bottom pattern. The BONK price has started to recover after twice hitting this support level in March and early April.

BONK got support around $0.00000942 and has subsequently surged about 32%. As long as it trades below $0.00001989, the trend will continue negative, nevertheless.

Originally reaching its lowest, the BONK price has reversed and is currently approaching the 0.236 Fib level, the first major barrier on a new uptrend. Should this level be compromised, it might set off further recovery into the 0.382 Fib level, the next resistance region.#WCTonBinance #DiversifyYourasseets