Meme coin BONK is ready to drop
I’ve been tracking the BONK token for a while and already got stopped out a week ago during a short attempt. But now, a clear bearish pattern has formed.
A bounce to $0.037 (futures price for 1000BONK on Binance) is still possible.
However, the likelihood of a significant drop is very high. I’ve highlighted previous cases with similar patterns on the chart.
I also marked the first realistic target on the chart.
