BONK Regains Some Ground With 4.6% Gain

BONK rose 4.6% to $0.00001394 after surpassing key resistance at $0.00001380, amidst a notable 67% increase in trading volume. This movement marks a bullish reversal from earlier losses this week, with the Solana-based meme token establishing a new local high at approximately $0.000013968. The tightened 24-hour trading range between $0.00001281 and $0.00001410 indicates controlled volatility, as the price trends upward through consecutive higher lows. Analysts note that market sentiment is shifting toward cautious optimism, with traders closely monitoring the next resistance levels at $0.00001400–$0.00001410. Continued support is evident in the defined ascending price structure, particularly within the $0.00001375–$0.00001380 range where the breakout initiated. If BONK maintains its momentum, higher price levels could be targeted in the short term. However, falling below the breakout zone may signal a return to range-bound trading behavior. Overall, the increasing volume and volatility suggest a favorable setup for BONK as speculative interest in meme coins rises heading into November.

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