$BONK Bonk W Pattern at Chart ๐ถ๐ | Is a Massive Breakout Loading? ๐จ๐ฅ
๐พ Bonk is flashing a textbook W pattern on the charts โ and degen radars are lighting up all over! ๐ฅ๐ This classic formation often signals a bullish reversal, and with Bonkโs memetic momentum, it could lead to a huge rally if the neckline breaks. ๐๐
๐ Right now, strong support has been confirmed on the second dip of the W, and the bounce is picking up steam ๐ช๐ข. The RSI is trending upward ๐โก๏ธ๐ and MACD is showing a soft bullish crossover, hinting at growing upside momentum ๐ง ๐.
๐ฅ Volume is slowly increasing โ a crucial sign of accumulation phase before a breakout. If this trend continues and buy volume overtakes sell pressure, Bonk could rip through resistance zones with insane energy. ๐ข๐งจ
๐ณ On-chain, whale wallets are gradually stacking again ๐ผ๐ฆ. Meanwhile, exchange balances are dropping, showing that tokens are moving into cold wallets โ a possible sign of conviction buys ๐ฆ๐. Wallet activity is steady, and community chatter is picking up ๐ฑ๐ฅ.
๐งช Combine that with social sentiment warming up and influencers buzzing about โthe next move,โ Bonk could be on the verge of a memecoin explosion ๐ฃ๐ฌ.
Still, market uncertainty is real. Donโt ape in without a plan. Manage risk โ๏ธ, stick to levels, and wait for confirmation โ because patience pays off โณ๐ฐ.
If the W breakout confirms, Bonk could go wild, flipping charts and melting faces. Get ready โ this one might howl again soon! ๐บ๐๐
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐