👉$BONK BONK/USDC Analysis – Daily Timeframe
| Price: $0.03346 (-3.43%)
⚡ Elliott Wave Structure in Play We're currently mid-way through a clear 5-wave Elliott impulse:
⚡Wave (1) & (2): Initial breakout and healthy correction.
⚡ Wave (3): Strong bullish leg with high volume – often the longest.
⚡ Wave (4): Sideways correction now forming a higher low above trendline 📉.
⚡Wave (5): Potential breakout incoming targeting the $0.05 – $0.06 zone. 🚀
🔺 Red Trendline: Holding as strong dynamic support — structure remains bullish as long as this line holds.