Solana-based meme coin Bonk (BONK) has seen a 37% price increase over the last week, coinciding with broader market recovery. This surge aligns with gains in other meme coins.
Currently trading at $0.000024, BONK's Awesome Oscillator indicates a bullish trend. If this bullish momentum continues, it could lead to a significant price upswing.
The Bull Bear Power indicator also reflects a positive sentiment, suggesting that the price could go higher from its current level. When BBP is positive, buyers control the market, indicating potential for further price increases.
BONK's price is approaching $0.000026 but may face resistance at this level. If it breaks through, the short-term target is $0.000030, provided bears don't pull the price back to $0.000021.
If buying pressure increases, BONK could rally towards $0.000035. However, a decline in buying activity could push the price down to $0.000021, making it crucial to watch these key indicators closely.
