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Bonk experiences a strong rise – Analysis – 28-04-2025 $BONK

The price of Bonk has sharply increased during its recent trading sessions, under the influence of a corrective upward wave and trading along a trend line, supported by its continuous trading above the simple moving average for the previous 50 days. The recent price increase followed its previous trading sessions successfully relieving some of its buying pressure as indicated by the relative strength index, which enhances its positive momentum.

Therefore, we expect further price increases in the upcoming trading sessions, targeting the pivotal resistance level of $0.00002600, provided that the support level of $0.00001409 holds.

Expected direction for upcoming trades: Upward