Solana BONK Eyes 77 Percent Surge

Solana’s BONK Eyes 77% Upside After Stabilizing at 200 EMA

• BONK’s price action in May saw fluctuations, but it is now stabilizing around the 200 EMA.
• The token experienced a pullback to $0.00001820 after being rejected near $0.00002581.
• Technical analysis suggests a bullish continuation setup with a potential 77% corrective move.
• The retracement aligns with the 0.618 Fibonacci level and a daily support zone of $0.00001832-$0.00001841.
• BONK is trading at $0.00001995, up by 1.6% in the past 24 hours, near the POC resistance of $0.00001955.

After recent fluctuations, BONK has stabilized around its 200 EMA with potential for a significant bullish move if it breaks above the key resistance level of $0.00001955, aiming for a projected target of $0.00003243.