Bonk Price Analysis
The price of Bonk has recently shown significant upward movement, attempting to overcome nearby resistance levels. Despite this, bears are actively attempting to prevent further increases, creating strong resistance near the $0.000037 mark. At present, Bonk’s price stands at $0.000035, reflecting a decline of 2.8% in the last 24 hours.
The BONK/USDT trading pair appears set to surpass Fibonacci levels and reach the resistance at $0.000048. Bears view maintaining this level as vital to preserve their control, as exceeding it might mark a change in market dominance. If successful, the price could surge to a new ATH next week.
Conversely, a decline below the moving averages might strengthen bearish positions. As a result, the $BONK price might head toward the immediate support level of $0.000022. If bears continue to put further pressure, we might see the Bonk price drop toward the support of $0.0000135.
