BONK Price Gains Momentum: Key Support Holds Firm in Narrow Trading Range

The price of BONK is showing positive movement, edging higher as it continues to trade within a narrow range. This consolidation phase is occurring firmly above a crucial support level, indicating underlying strength and potential for a breakout. Market analysts are watching this key technical area closely, as holding above support is often a bullish signal for meme coins like BONK. The current trading pattern suggests a period of accumulation before the next significant price move. Traders are monitoring volume and market sentiment for further clues on BONK's short-term trajectory in the volatile cryptocurrency market.