<ul><li>BONK's price action has been volatile in May, currently stabilizing around the 200 EMA after a rejection from the local high.</li><li>Technical analysis indicates a bullish continuation setup with a 77% corrective move potential, rather than a bearish reversal.</li><li>The price retracement aligns with the 0.618 Fibonacci level, daily support zones, and resistance zones, suggesting a bullish market structure.</li><li>If BONK breaks above the POC resistance at $0.00001955, it could target a 77% rally towards $0.00003243, close to its January 2025 open level.</li></ul>

Solana’s BONK Targets 77% Corrective Move After Retrace To 200 EMA

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