$BONK Analysis:
The most successful memecoin in the Solana ecosystem retested its important support level. This led to a price increase of more than 22% in its portfolio with a trading volume of $571.63 million and a change rate of +160.64%.
Moreover, this memecoin has surged by more than 30% in the past 2 days, indicating a strengthening bullish sentiment. Moreover, the MACD shows a rising green histogram with its average recording strong bullish price action on the 1D timeframe.
If the market pushes BONK memecoin above its resistance level of $0.000027, bulls will be ready to test its upper limit of $0.00003390. Conversely, bearish price action could pull the price towards its critical support level.
