$BONK has captured market attention once again, showing signs of increased volatility and directional bias. Today’s technical analysis dives into current price structure and what Elliott Wave theory suggests might come next.

Elliott Wave Perspective:

Wave counts suggest BONK may be entering a new upward phase — if current support sustains and volume continues building. However, a failed breakout could signal a corrective wave ahead.

Whether you're trading short-term or holding long-term, $BONK is at a key technical juncture.