Bonk (BONK) has experienced a 5% increase over the last 24 hours, with its price currently at $0.000011. However, trading volume has dramatically decreased from $175 million to $31,300.

Although BONK shows signs of community engagement and potential price recovery, the wider cryptocurrency market remains bearish, with significant declines noted in Bitcoin and Ethereum.

Traders speculate on Bonk’s price movements, identifying resistance at $0.000012. Successful breakouts could signify further gains. However, negative trends may lead to drops if resistance levels are not cleared.