$1000BONK BONK's outlook brightens as meme coin defends cup and handle neckline support
Technical outlook: Bonk holds above key support
The meme coin also sits significantly above the 100-day EMA at $0.00002306 and the 200-day EMA at $0.00002174, backing its subtle bullish picture. These levels will serve as tentative support if the decline extends below the neckline support.
Two outcomes will likely follow Bonk's testing of the neckline support: A bullish breakout aiming for the July peak of $0.00004074 and the extension of the down leg if the same support level gives way.