TL;DR
BONK retests $0.000025 neckline with cup-and-handle pattern, suggesting possible 100% upside rally.
Analysts highlight previous resistance turning support as traders await a bounce or further downside.
Grayscale tracking sparks institutional interest as BONK holds near critical support amid heavy trading.
BONK Teeters Before Potential Breakout
Bonk (BONK) trades below $0.000026 after falling 8% in the past 24 hours and 27% over the last week. Trading volume reached $570 million in the same period. Market attention is on a key support zone that could determine the next move.
Crypto analyst Jonathan Carter said BONK is retesting its neckline at $0.000025, forming what he identified as a cup-and-handle pattern, which is often seen during bullish continuation phases.
Carter said,
“pattern completion combined with a neckline hold could result in 100% upside.”
His price targets are $0.000035, $0.000037, $0.000041, and $0.000052. He noted that trading volume increased on the
We współpracy z: https://cryptopotato.com/bonk-at-critical-level-after-28-weekly-drop/
