The Bonk price has rebounded following a short-term downturn, demonstrating a 14% rise amid a trading volume increase to $546 million.
Bonk Price Rebounds After Downturn
The BONK/USDT chart shows a major support zone around $0.00002630, which previously acted as a critical floor. The upward trend was triggered by a 'Golden Cross', signaling the start of a bullish phase peaking around $0.00005500. However, the rally faced resistance and shifted to a downtrend until stabilizing near $0.00003500.
Bonk Traders Eye New Highs
The $0.00003500 support zone is pivotal to watch, with potential upside to $0.00005500 if trends remain positive. Conversely, breaking below $0.00003500 could indicate downward pressure towards $0.00002630.
Solaxy Presale Nears $9 Million
As traders eye potential Bonk gains, they also invest in Solaxy (SOLX), which has raised over $8.1 million. Solaxy's unique mission to tackle Solana network congestion enhances network efficiency and bridges with Ethereum.
Bonk's price shows an upward momentum following a recent downturn, offering opportunities for traders. Meanwhile, Solaxy continues to draw attention as a promising project on the Solana network.
