BONK’s price gained nearly 10% after finding support from a rising wedge. Since its low in early April, it has followed an upward trajectory, with indicators suggesting diminishing selling pressure, which may predict a reversal.
On-chain metrics are favorable, showing stable Funding Rates and liquidity clusters above $0.00002. This could facilitate further upward momentum if the resistance is breached, allowing BONK to explore new price levels.
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