Why the Bonk price increases?

It was a moment since the best winners in the daily time frame, we can see Mimi’s currency. Meme Tokens was running Crazy in 2024, and it reached its climax with the release of Trump Meme Coin in January. However, since then, prices have faded, such as the rest of the market.

Today, Bonk is among the best winners with 9.5 % pump. The Bonk price is now trading about $ 0.0000123. ATH was hit on November 20 last year, at $ 0.00005916, which is less than 80 % less than the current levels.

Analyst “$ 0UL” spoke with his 80K followers on X and updated the Bonk price expectations.

The famous analyst pointed to how the Bonk price has decreased dramatically to bear the lowest levels of the market about $ 0.0000008. However, what attracts the attention of merchants is the strong bounce of this decisive level of support, with the formation of an upper weekly candle over this area.

According to $ 0UL, the key resistance level sits to see about 0.00001427 dollars. If Bonk is able to break this level and its heart to resist support, the price of projects can move towards a $ 0.0025 area, which represents an important arrangement block.

$ Bonk analysis

Crazy how this went directly to the lowest levels of the bear market. Return good from support and as soon as the resistance is turned, it will settle in 0.000025 OB

You may see a refusal there and move to the top pic.twitter.com/l6fi601uus

– $ 0UL (@Speetsnaz_3) March 22, 2025

At a level of 0.000025 dollars, traders may witness a temporary rejection before continuing to climb. This style will follow the classic market behavior to sweep liquidity, followed by real outbreak.

Also read: Will the PI die? This is the reason for the PI coin now with low prices

Bonk Chart analysis reveals multiple main levels

Looking at the weekly time frame of Bonk, many important technical factors emerge:

The distinctive symbol currently maintains its strong support at $ 0.00001008, which represents its lowest historical level in the bear market that has been tested several times. The last price procedure shows a clear reversal formed here, with a fabric candle refused by a small rising candle – that it is likely to indicate the accumulation of larger players.

numerous Resistance levels Waiting on the above horizon: first at 0.00001427 dollars, as many weekly candles of 2024 failed to penetrate, then at 0.00002500 dollars, which represents a previous request area is likely to work as an offer. If the momentum continues, the next main structural level sits at $ 0.004443, derived from its highest levels in December 2024.

Also read: It’s time to buy Baby? The indicators say yes, but Mimi currency is $ 0.003

Although Bonk has been in a clear declining direction since December, which constitutes lower levels and a decrease in its lowest levels, the recent procedures indicate that the potential reflection may be formed. The red candles sequence appears to be broken, with a small weekly rising candle. If you close this week strongly, it will confirm an upper loud pattern, which enhances the issue to change the short -term direction.

If Bonk succeeds in fluctuating the resistance level of 0.00001427 dollars, traders can anticipate a move towards the demand block area of ​​$ 0.000025. There, the price may face rejection and decline, or merge before it is pushed towards the next main level at $ 0.00443.

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