CandleFocus BONK spikes 8%, but bears mount resistance at critical levels
2024-10-17
Author: Content Editor
The Solana-based meme coin Bonk has experienced a surge in price, making it the top gainer among the 100 largest crypto assets in the past 24 hours. This recovery has been fueled by renewed market optimism, but the bulls are facing resistance at key levels. Despite a 8.1% increase in the last 24 hours and a higher trading volume, Bonk is still struggling to surpass its current resistance. If it can break this resistance, the next significant hurdle is at $0.00002522. However, there are signs of bearish sentiment, including a 3% pullback and potential overbought conditions. Market analyst Astekz has highlighted potential targets for Bonk, with resistance at $0.00002470 and possible targets of $0.00004804 and $0.00007140. On the downside, key support levels to watch are $0.00002261 and $0.00001909.
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