PennantStructure

Bonk at a Make-or-Break Level: Breakout or Breakdown Incoming? 🧠

Bonk ($BONK) has entered a critical technical zone — and what happens next could define its trend for weeks to come.

Currently, BONK is pressing into a multi-layered resistance cluster. It’s not just one level — this zone is packed with technical confluences:

📍 Point of Control (POC)

📍 Value Area High

📍 High Time Frame Horizontal Resistance

📍 Upper boundary of a developing pennant

This creates a decision zone, where price is compressing and volatility is thinning out — a typical setup before large directional moves.

🔍 What the Chart is Saying:
If BONK breaks above this zone with volume and strong candle closures, the pennant structure would confirm a bullish breakout. That would shift market structure and could ignite a trend of higher highs + higher lows — classic bullish continuation.

But…

If price fails here, a rejection could send BONK back toward the 0.618 Fibonacci level, which aligns with:

The Value Area Low

The base of the pennant

This would be a healthy pullback and keep the market within a state of balance (neutral-bullish), allowing momentum to reset.

🔮 What to Expect Next:
📈 Breakout: Structure turns bullish — expect expansion.
📉 Rejection: Likely retest of support at the 0.618 Fib zone and consolidation continues.

Either way, the current structure is coiling tightly — and resolution is likely within the next few days.

This is one of those wait-for-confirmation setups:
No need to guess — let the chart speak.

#BONK #CryptoAnalysis #BreakoutSetup #PennantStructure #Altcoins