BONK jumps more than 10% in 24 hours as momentum pushes price higher

BONK token has gained over 10% in the last 24 hours, drawing considerable market attention. The move was fueled by the token breaking through a key technical level, although it has since eased back into consolidation. Market participants are closely watching whether this momentum will sustain, with a focus on the balance between buying strength and selling pressure. Notably, trading volume has seen an uptick, indicating traders' anticipation of this upward trend. However, given the recent volatility, caution is warranted as rapid price fluctuations could occur. Technically, a sustained uptrend could lead to further price advances, so understanding support levels and identifying new resistance points is critical for timing buys and sells.