The Solana-based meme coin Bonk (BONK) has seen a 37% increase in price in the last week, following a broader market recovery and jumps in other meme coin prices. BONK has shown strong strength compared to other meme coins. The Awesome Oscillator (AO) on the daily chart supports a bullish outlook, indicating that momentum is positive and the price may soon experience a significant increase. The Bull Bear Power (BBP) also aligns with this sentiment, showing that bulls are in control. The daily chart shows BONK's price nearing $0.000026 with a potential resistance level, but if it breaks through, the short-term target could rise to $0.000030. However, bears could pull the price back to $0.000021 if buying pressure weakens, while increased buying pressure could push the price up to $0.000035.



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