Bonk prices have recovered well with the ongoing market bomb. Just last week, it pumped 70% and now traded around $ 0.000020.
The famous analyst 'Altcoin Sherpa' has updated his outlook on Bonk price and that -Highlight why he regrets not buying more Bonk.
Bonk Chart: Technical review shows strong bounce
Looking at the 4 -hour Bonk chart against the USDT in Binance, we will see the main levels of Fibonacci from 0.236 to 1.0. The chart features a green support zone between $ 0.00001637 and $ 0.00001594. Recent price action shows bonk trading at nearly $ 0.00002088.
The price of bonk Moved sideways from April 10-20 with a slightly upward trend. By April 22-23, it made a sharp rally. After reaching nearly $ 0.00002102, the price dropped to close to 0.382 Fibonacci levels to $ 0.00001637. Price found the support in the green zone and returned strongly.
Bonk then reclaimed the 0.236 Fibonacci level ($ 0.00001815) and returned to recent highs. Short -term trend is clearly bullish, with higher and higher lows forming a healthy pattern. The price respected important levels of Fibonacci during its correction, which is a bullish signing.
The amount of trade is increased during breakout, which supports the upward transition. Even during correction, the volume remained high, showing a strong interest in Bonk. The rapid recovery after the sharp collapse suggests a powerful purchase momentum, with Bonk now testing the past high levels.
Bonk Price: Support and Resistance
Strong support sits in place of green box ($ 0.00001600- $ 0.00001650). If a deeper pullback occurs, the 0.5 fibonacci level ($ 0.00001494) can provide additional support.
Immediate resistance was around $ 0.00002100- $ 0.00002150, where Bonk has recently sank. If it breaks above this level cleanly, Bonk can push to the new highs of over $ 0.00002250.
The 0.236 Level of Fibonacci worked as a great bounce point during the recent upward move. The level of 0.382 held strictly during the correction, showing consumers defending this price aloud. If we find another pullback, 0.5 ($ 0.00001494) and 0.618 ($ 0.00001350) levels will be important to watch.
The dog has a more fun thing to come to speed 👀
Who's going to NYC?
– Bonk !!! (@bonk_inu) April 28, 2025
Businessman's sentiment
The Altcoin Sherpa tweet adds an important context to the chart. He set a purchase order that is likely to be near the green zone, but it is only slightly filled. Manu -he bought a “tiny” and is now almost 10% in that position. His “sad” tone shows that he regrets not getting a bigger position, but he still looks at the Bonk chart as “fire” (very Bullish).
The positive outlook of the entrepreneur corresponds to the technical evaluation show: a strong bounce from support, rehesting of recent highs, no structure damage, and good volume.
The trend remains bullish with higher and higher lows. The volume confirms the trend with strong spikes during major motions. The main support is sitting at $ 0.00001600- $ 0.00001650, with immediate resistance to $ 0.00002100- $ 0.00002150.
If Bonk breaks above $ 0.00002150 with a good volume, we can expect further movement. However, if the green support zone is missing, we can see a deeper correction towards $ 0.00001500 and possibly $ 0.00001350.
Based on technical signals and recent price actions, Bonk will appear to be well for potential additional gains if it can overcome the current level of resistance.
Also read: Why the price of Floki? This chart is shouting “next meme coin rocket”
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