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BONK PRICE ANALYSIS & PREDICTION (July 2) – Bonk Sees Minor Gains as Market Recovers, Can it Regain Momentum?
By Will Izuchukwu on July 2, 2025
Bonk has shown minor gains after the market recovery, but can it regain momentum and turn its current bearish trend around? Let’s dive into the details.
Bonk’s hourly chart is displaying a bullish appearance once again following its recovery from a two-day dip. However, failure to retake a previous high might result in a significant crash, potentially leading to a prolonged bearish move in the long term.
The recent bounce has brought some relief to the market after a streak of bearishness. Despite almost resuming yesterday, Bonk’s price is recovering today following substantial volume inflow since the start of the day. A daily close above $0.0000153 could bring back bullish sentiments into the market as it slowly breaks through the previous weekly high.
Such a setup may confirm more upside moves in the coming hours and days, fueled by a higher high and higher low formation on the hourly timeframe. This potential double-bottom pattern could lead to a massive bullish rally if the price scales through the May peak. Nevertheless, the daily buying volume appears insufficient at this time.
It is important to note that Bonk’s current surge came about as a result of Bitcoin’s price recovery. Therefore, it is essential to acknowledge that the overall market structure remains in favor of the bears from a short-term perspective. If they manage to regain control of the market, Bonk will likely post significant losses in the near term.
BONK’s Key Level To Watch
Scaling through the previous weekly $0.0000153 high in the latest surge, the next buying target would be $0.0000183 and $0.0000244 resistance, with a potential break to $0.0000314. Bonk is currently supported by the $0.0000114 level. A drop below it could drive the price back to the bottom level of $0.0000089. Breaking lower could crash the price to $0.000005.
Key Resistance Levels: $0.0000183, $0.0000244, $0.0000314
Key Support Levels: $0.0000114, $0.0000089, $0.000005
Source: nulltx.com
