Bonk Inu Showing Strength Amid Global Market Recovery: Key Levels to Watch

Bonk Inu, a popular cryptocurrency, is making a strong comeback in the market amidst the latest recovery in the global market cap. The digital asset has surged overnight, leading the top gainers chart with an impressive gain. However, it seems to be facing a minor hurdle at press time.

After experiencing a short-term correction above $0.00001 last week, Bonk remained stable for a few days before showing signs of strength this week. The price suddenly increased yesterday, breaking through an important resistance level to test $0.00002. This marked its highest daily volatile session since March 6, closing strongly with a bullish engulfing candle and continuing to rise today.

Despite facing a minor resistance at the $0.000021 level, which had previously acted as support during last week’s market downturn, Bonk’s current market structure appears strong. A weekly close above this resistance level could potentially trigger a significant gain in the coming week. On the other hand, a rejection at this level might lead to a slight pullback before resuming its upward trajectory. However, if the price drops below the monthly low, a more substantial collapse could be on the horizon.

Looking ahead, the next key resistance level for Bonk Inu is at $0.000025, followed by targets at $0.0000295 and $0.0000367. In case of pullbacks, there are nearby support levels at $0.000018 and $0.0000153, with $0.000012 as the next critical support to monitor.

With the spot price currently at $0.00002, the trend for Bonk Inu is bullish with high volatility. It is essential to conduct thorough research before considering any investment in this cryptocurrency.

For the latest updates on Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news, follow us on Twitter @nulltxnews. Remember, this information is not trading or investment advice, and caution is always advised when dealing with cryptocurrencies.