Bonk's price is experiencing a powerful rally, breaking through crucial resistance levels recently. Currently, it has surpassed the upper Bollinger Band on its daily chart, signaling strong bullish momentum. However, traders are advised to exercise caution as the chart indicates an overbought condition, hinting at possible market correction or consolidation.
Analysts are closely observing key support at $0.000028, as this level could play a crucial role in determining the future movement of Bonk. Market participants should remain vigilant of potential retracements that could impact the ongoing trend and prepare accordingly.
