$BONK 2Hr Chart – Breakout of wave 5 🚀🚀🔥
The coin's price has just finished forming an Elliott wave (1–2–3–4) and is now entering the critical wave area (5), where price discovery could be explosive 💥
Wave structure analysis
✅ Wave (1) to (3) formed a clean impulse leg - strong volume with healthy corrections.
✅ Wave (4) retraced in a dominant manner, fully bouncing back to Fibonacci areas, paving the way for wave (5).
Now we are watching wave (5) unfold, early signals are promising.
Expected targets for wave (5)
🔼 1.036 extension: 0.000020028 – A major resistance level where short-term traders may start trimming their positions.
🔼 1.618 extension: 0.000022232 – Target for the extended wave 5 if momentum accelerates (usually occurs in meme-driven rallies).
If the price of BONK drops, these are the high-confluence bounce areas:
🟡 0.382 Fib: 0.000018528
🟣 0.5 Fib: 0.000018042
🔴 0.618 Fib: 0.000017600 – A level that must be maintained to keep bullish momentum intact.
1. Bullish scenario - If the price holds above the 0.382–0.5 area and volume increases near 0.0000200, expect an explosive move to 0.0000222.
Meme-driven coin rallies often exceed - this area aligns with historical structures for #BONK highs.
2. Bearish scenario - If it breaks 0.000017600 with large volume, wave (5) may cut early. The price could return to the base of wave (4), halting momentum.
The latest BONK structure reflects previous meme-driven coin breakouts - early strong momentum, dominant corrections, then the wave 5 surge driven by FOMO. This is when retail joins late - and volatility rises.
Ideal setup for short-term buys or interconnected TP areas. The risk-reward is still favorable as long as 0.0000176 is maintained.
📣 Stay cautious. BONK may enter full monster mode or provide an attractive entry opportunity before launching#SpotVSFuturesStrategy #OneBigBeautifulBill #TrumpVsMusk #REX-OSPREYSolanaETF #MuskAmericaParty
