BONK’s price has been a rollercoaster ride lately, with significant highs and lows. In fact, the altcoin’s price has depreciated by 47% since 28 May. At the time of writing, it was close to a crucial support level at around $0.00002260, having retested it several times in the last 3 months.

The price seemed to be obeying an ascending trendline support too, one that confluences with $0.00002206. It would thus seem that BONK may have been accumulating bullish momentum, probably to the next resistance level at $0.00002940, before breaking free as it accumulates enough momentum to breach its resistance level.