BONK holds above a broken broadening wedge, confirming breakout and showing strong support at $0.00001400–$0.00001500 amid healthy consolidation.
Neutral RSI with room for upside supports bullish continuation, while buyers defend key support aligned with the visible range volume profile.
Price targets are projected at $0.00001700, $0.00002500, and $0.00003700 if the breakout structure holds and buyer momentum strengthens.
Bonk (BONK) is showing strong technical structure after breaking out of a broadening wedge pattern on the daily chart. The token’s current consolidation suggests potential continuation of bullish momentum if support holds firm.
Post-Breakout Consolidation Signals Strength
BONK recently moved above a broadening wedge—a pattern often associated with increased volatility and uncertainty. This breakout shifted the technical outlook, with the price now consolidating above the former resistance line, which is acting as support. The current trading range between $0.00001400 and $0.00001500 shows a healthy contraction in volatility.
Crypto analyst Jonathan Carter noted on X that BONK is trading above the broken wedge and highlighted the structure's potential. He pointed out that the ongoing price action suggests bullish continuation, especially if the token manages a bounce from current support.
This consolidation comes with a steady formation of higher lows, suggesting accumulation. The pattern often precedes larger directional moves as price coils before expansion. Technical confirmation would be a decisive bounce supported by rising buying volume.
RSI Supports Potential Upside
The Relative Strength Index (RSI) for BONK is currently moving in neutral territory. This position indicates no immediate overbought pressure, allowing room for an upside move if buying activity resumes. Coupled with the consolidation at a strong volume support zone, the current setup leans toward constructive price behavior.
According to market data, BONK is trading at $0.00001518 with a 2.17% increase over the past 24 hours and a daily trading volume exceeding $106 million. This rise reinforces the bullish posture following the wedge breakout.
If bulls retain control and defend current support levels, the price could move toward $0.00001700. This level may attract initial selling pressure, but higher targets at $0.00002500 and $0.00003700 are within range.
Target Levels and Trend Outlook
Carter outlined target zones at $0.00001700, $0.00002500, and $0.00003700. These align with historical reaction points and visible range volume clusters. A rally to these levels would mark a potential trend transition for BONK—from post-breakout consolidation into directional expansion.
Maintaining buyer strength at current levels will be crucial. A failure to hold the former resistance as support could weaken the bullish case. However, for now, BONK continues to present a stable and constructive chart structure.
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