$BONK BONK is approaching a pivotal crossroadsāright at a key support zone after breaking out of a falling-wedge pattern. This could spark either a strong rally or a classic double-bottom reversal. Letās dive into what the charts and volumes are telling us!
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š Recent Breakout & Volume Surge
īØ0-2īØ
BONK broke above a 6-week falling wedge, reclaiming the 20/50/100āÆEMA cluster and now testing the 200āÆEMAāclearly signaling bullish intentāÆīØ .
īØ683-0īØ
Volume spiked ~38%, and open interest is up ~15% to $12.6āÆMāan encouraging sign of growing trader confidenceāÆīØ .
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š Key Price Zones to Watch
Level Significance
**$0.00001450ā$0.00001500** īØ815-1īØ
Support area where wedge breakout beganāprice must hold hereāÆīØ
Entry Pivot ~$0.00001506 breakout level
Target 1 ~$0.00001800āaligned with recent rejection highsāÆ
Target 2 ~$0.00002200ānext resistance levelāÆ
Invalidation Below ~$0.00001450āthe wedge support and POCācould lead to dip toward ~$0.00001300ā$0.00001200āÆ
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š Potential Scenarios Ahead
1. š Bullish Continuation
Price holds above ~$0.00001500 with volume, sending BONK toward $0.000018, followed by $0.000022+.
2. **š Double-Bottom Setup**
īØ1420-2īØ
A dip down to POC with rising bullish volume may complete a double-bottomāsetting up a move to range highsāÆīØ .
3. ā ļø Breakdown Risk
If support at ~$0.00001450 fails, expect pullback to $0.00001300ā$0.00001200āa deeper reset.
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š Whatās Fueling the Move
īØ1765-1īØ
Technical pattern: Falling wedge breakout with harmonic reversal structure and bullish EMA alignmentāÆīØ .
īØ2071-0īØ
Volume & derivatives signal: 38% trading volume spike and open interest surge indicate enhanced market participationāÆīØ .
īØ2229-0īØ
Fundamental catalyst: Gen1 Solana Mobile reward program ends July 31āexpected to reduce circulating supply and support priceāÆīØ .
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š ļø #BinanceFam Trade Tips
Wait for confirmation: Look for candle close over ~$0.00001506ā$0.00001520 with rising volume.
Set smart risk:
Entry: Above ~$0.00001520
Stop-loss: Below ~$0.00001450
Targets:
TP1: ~$0.00001800
TP2: ~$0.00002200
Watch volume behavior: If price dips to POC, look for volume increaseāsign of bullish double-bottom forming.
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š Big Picture Context
īØ2381-7īØ
Technical studies and community buzz highlight falling wedge and double-bottom patternsāclassic bullish setupsāÆīØ .
Broader memecoin sentiment is heating upāBONK stands out as a key Solana-based meme project with growing adoption and ecosystem interest.
īØ2999-1īØ
Forecasts suggest possible 38%ā70% upside if bullish structures hold, with longer-term target zones extending even furtherāÆīØ .
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ā
TL;DR ā Your Next Move
Bull case: Hold above ~$0.00001500 ā Breakout ā Targets at ~$0.000018 & ~$0.000022+
Alt case: Dip to POC ā Double-bottom formation ā Bounce setup
Bear case: Breakdown below ~$0.00001450 ā Pullback to ~$0.00001300ā$0.00001200
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Are you timing a breakout or waiting for a doubleābottom bounce? Drop a š if you're in, or a ā³ if you're watching supportāshare your strategy below! š
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Fully compliant with Binance Square guidelinesāchart-based, clear, friendly, and transparent. Not financial advice; DYOR!
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