Bonk ($BONK )BONK has seen its price rise by 28% in the past few days, thanks to the announcement of a 1 trillion token burn in December. However, the memecoin has encountered resistance at $0.000050, which has made it difficult for it to rally further.
However, the Bull Bear Power (BBP) indicator shows that the bulls are still in control. If the trend continues, BONK could reach $0.000060. However, if holders actively take profits, the memecoin could see a correction to $0.000043.
