Bonk coin price prediction: Bullish in the short-term, key resistance 22% away – BitRss

• BONK has a bearish structure and firm downward momentum.
• The lower highs for the OBV showed heightened selling pressure and needs to be reversed before recovery can begin.

Bonk [BONK] was trending downward in recent weeks and the retracement phase has not ended yet. The meme coin market as a whole has also shed gains over the past month and was yet to recover.

Technical analysis showed that there is hope for a price bounce in the short-term. However, it would be a retest of the resistance zone established earlier this month.