BONK Price at Risk of Losing 180-Day Support as Traders Seek More Discount

BONK price recorded an 8% jump on Tuesday, witnessing a short relief rally from a recent market sell-off. A sudden surge in buying pressure followed Bitcoin’s sustainability above $50000, while the total crypto market surged 8.7% to hit $1.95 Trillion. However, most of the major altcoins are far from the bottom as bearish market sentiment and recession fear persist among traders.