Technical analysis by sahanavv about Symbol BONK: Buy recommendation (7/3/2025)

Bonk bulls prevented an excessive price plunge and triggered a rebound from $0.00001152, surging by over 50%. Currently, the memecoin has risen above a pivotal resistance zone, and a daily close above the levels may validate the start of a bullish trend. However, the bears are extracting the profit, which may cause prices to drop slightly. The conversion and base lines of the Ichimoku Cloud have undergone a bullish crossover, suggesting a short-term upswing, while the Lead span A also displays a bullish divergence, which hints towards a long-term potential upswing. However, the price remains below the cloud, which suggests the bears are still in play. The Chainkin Mony Flow, or CMF, underwent a steep upswing and surged above 0, hinting towards the growing strength in the market. Besides, this is complemented with a rise in the price, pointing towards a bullish continuation Therefore, the BONK price is required to rise above $0.00001971 before the weekly close, which may secure a strong bullish trend for the upcoming days Targets Resistance 1: $0.00001971 Resistance 2: $0.00002206 Resistance 3: $0.00002500 Support 1: $0.00001449 Support 2: $0.00001302 Support 3: $0.00001147