BONK, which fell after being listed on a popular cryptocurrency exchange, recovered after the reaction from its critical levels.
Investors were worried when BONK, the leading meme coin of the Solana ecosystem, lost 60 percent of its value after reaching ATH. The popular coin, which succumbed to the decline in BTC and selling pressure, started to rise by finding buyers in key regions. BONK rose 9.43% in the last 24 hours, rising to second place on the “Top Risers” list, putting an end to the bonk decline and bringing at least some relief to investors. It is wondered how BONK’s next process will work.
There is a Tough Resistance to Overcome!
BONK gained upward momentum from $0.00001238, recording a total gain of 26.50%. Currently moving into a zone of strong sellers, if BONK breaks through $0.00001743 – $0.00001787, it may attract more buyers and move towards $0.00001871 – 0.00002057 – 0.00002173 and $0.00002287 respectively. However, memecoin’s market volume and news about the Solana ecosystem will play an important role in this process.
BONK is struggling to break out of the $0.00001743 to $0.00001787 range, meme coin trends are losing momentum, or news of turmoil from the Solana ecosystem will push the pair straight lower. Such scenarios could result in withdrawals of up to $0.00001490, $0.00001333, and $0.00001238 respectively.
