Bonk's hourly chart is showing bullish signs after recovering from a two-day dip, with the potential for a big crash if it fails to retake a previous high.
A daily close above $0.0000153 could bring bullish sentiment back, paving the way for more upside moves and a possible bullish rally.
The current increase in Bonk's price is attributed to Bitcoin's recovery, but the overall market structure still favors bears in the short term.
Key levels to watch for Bonk are $0.0000153 as resistance and $0.0000114 as support, with further targets at $0.0000183, $0.0000244, and $0.0000314 resistance levels.