BONK’s recent rebound is facing a critical test as it approaches the key resistance level of $0.000022524. This threshold could signal a bullish reversal if it holds, but failure to do so may prolong the current consolidation phase. analysts attribute this price surge to increasing DeFi activity and broader market interest. The token experienced a sharp rebound following a significant drop earlier in the week, indicating strong buyer demand despite a period of weakness. However, even with this recovery, price remains within a corrective range and momentum must be confirmed for sustained growth. The current trend suggests a return of buyers after a period of indecision. If BONK breaks through $0.000022524 to achieve sustainable gains, it could signal a shift toward a positive trend; however, if resistance holds, the market may continue oscillating between support and resistance levels until decisive signals emerge.